Red Bay, AL (35582) is an ideal location for those looking for a place to call home. With a two bedroom rent of $860 and a grocery cost index of 92 compared to 100 in the US, Red Bay offers affordable living for its residents. The lower costs of living enable potential residents to have more flexibility with their budget while still enjoying the amenities that the city has to offer. There are many local businesses providing goods and services such as Southern Elegance Salon & Spa, Red Bay Pharmacy & Gifts, Big B's BBQ restaurant, and more. In addition, there are plenty of outdoor activities available such as fishing in Lake Barkley State Park or biking along the trails at Tuscumbia Landing Nature Preserve. All this makes Red Bay an attractive choice for potential residents who want to live comfortably without breaking the bank.
Red Bay (zip 35582) has an unemployment rate of 2.1%. The US average is 6.0%.
Red Bay (zip 35582) has seen the job market decrease by -2.8% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.
Tax Rates for Red Bay (zip 35582)
- The Sales Tax Rate for Red Bay (zip 35582) is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Red Bay (zip 35582) 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 Red Bay (zip 35582)
- The average income of a Red Bay (zip 35582) resident is $23,477 a year. The US average is $37,638 a year.
- The Median household income of a Red Bay (zip 35582) resident is $35,336 a year. The US average is $69,021 a year.