Zip 35043 (Chelsea, AL) Economy


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Chelsea, AL is a small town located in 35243 zip code. The average rent for a two bedroom apartment is $1,560, which is slightly higher than the US average of $1,430. The grocery cost index in Chelsea is 101 compared to 100 in the US, meaning that groceries are slightly more expensive than they are nationally. Chelsea has many local companies offering apartments including Chelsea Crossings Apartments, Chelsea Springs Apartments, and Kings Crossing Apartments. Although the rent for a two bedroom apartment is more expensive than average for the US as a whole, it remains relatively affordable when considering cost of living factors such as grocery prices.

Chelsea (zip 35043) has an unemployment rate of 2.0%. The US average is 6.0%.

Chelsea (zip 35043) has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.

Tax Rates for Chelsea (zip 35043)
- The Sales Tax Rate for Chelsea (zip 35043) is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Chelsea (zip 35043) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Chelsea (zip 35043)
- The average income of a Chelsea (zip 35043) resident is $30,817 a year. The US average is $28,555 a year.
- The Median household income of a Chelsea (zip 35043) resident is $94,959 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyChelsea, AlabamaUnited States
  26
  -3.7%-6.2%
  34.0%33.5%
  9.0%6.2%
  5.0%4.6%
  $33,364$37,638
  $94,959$69,021
  $110,580$85,028
  Population by Occupation
  0.6%1.2%
  0.0%0.5%
  8.3%6.8%
  6.7%10.0%
  6.2%2.5%
  11.3%11.0%
  3.9%4.8%
  4.1%0.8%
  1.2%1.9%
  11.6%4.7%
  1.9%1.9%
  4.3%7.6%
  0.6%0.1%
  6.4%4.2%
  10.9%9.3%
  11.5%14.0%
  0.5%2.1%
  3.0%7.0%
  4.5%4.8%
  2.4%4.7%
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