Fort Payne, AL, is a city located in the state of Alabama with a population of 14,000. It is known for its great outdoors and cultural heritage. The two bedroom rent in Fort Payne is $730 which is relatively cheaper than the national average of $1,430. Additionally, grocery cost index in this area is 94 compared to the US average of 100.
Several local companies within Fort Payne include DeKalb Regional Medical Center, W.S. Badcock Corporation, Necedah Aerospace Inc., and the Lauderdale Furniture Company. The leading hospital in the area is DeKalb Regional Medical Center that offers excellent medical care and treatments to local patients. W.S Badcock Corporation holds a prominent position as it provides quality goods and services throughout the country from its headquarters located here. Necedah Aerospace Inc is another well-known company that manufactures highly reliable aerospace components using advanced technology for safety and performance reasons. Lastly, Lauderdale Furniture Company produces furniture items from sustainable materials to meet customer needs across different markets nationwide from its base in Fort Payne.
Fort Payne (zip 35968) has an unemployment rate of 2.3%. The US average is 6.0%.
Fort Payne (zip 35968) has seen the job market decrease by -3.1% over the last year. Future job growth over the next ten years is predicted to be 36.5%, which is higher than the US average of 33.5%.
Tax Rates for Fort Payne (zip 35968)
- The Sales Tax Rate for Fort Payne (zip 35968) is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Fort Payne (zip 35968) 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 Fort Payne (zip 35968)
- The average income of a Fort Payne (zip 35968) resident is $20,910 a year. The US average is $37,638 a year.
- The Median household income of a Fort Payne (zip 35968) resident is $43,068 a year. The US average is $69,021 a year.