Lowndesboro, AL is a small town located in Lowndes County with a population of 36752. Lowndesboro is known for its low cost of living, with 2 bedroom rent costing only $850 compared to the US average of $1,430. Groceries are also much more affordable in Lowndesboro, with their Grocery Cost Index being 93 compared to 100 in the US. The local economic landscape is mainly comprised of agricultural production, such as chicken farming and cotton growing by well-known companies like Perdue Farms Inc., Koch Foods Inc., Calcot Ltd., and Michael Farms Inc. Additionally, there is an abundance of greenspace and outdoor activities that have become tourist attractions for people from all over the country.
Lowndesboro (zip 36752) has an unemployment rate of 10.6%. The US average is 6.0%.
Lowndesboro (zip 36752) has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 24.9%, which is lower than the US average of 33.5%.
Tax Rates for Lowndesboro (zip 36752)
- The Sales Tax Rate for Lowndesboro (zip 36752) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Lowndesboro (zip 36752) 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 Lowndesboro (zip 36752)
- The average income of a Lowndesboro (zip 36752) resident is $20,250 a year. The US average is $28,555 a year.
- The Median household income of a Lowndesboro (zip 36752) resident is $32,321 a year. The US average is $69,021 a year.