Locust Fork, AL is an attractive town to live in due to its affordability. It has a low median rent for two bedroom apartments of $1,070 compared to the US average of $1,430. Additionally, the grocery cost index in Locust Fork is 95 versus 100 in the US. This makes living there significantly more affordable than most other areas in the United States. The local economy is largely driven by industry such as manufacturing, engineering and logistics. In addition to these industries, there are many smaller businesses that provide services like restaurants and retail stores owned by local entrepreneurs. For example, one popular restaurant is Burgers & More which serves delicious sandwiches and burgers. Overall, Locust Fork provides an affordable living environment with plenty of job opportunities and amenities that make life enjoyable.
Locust Fork has an unemployment rate of 2.1%. The US average is 6.0%.
Locust Fork has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 31.7%, which is lower than the US average of 33.5%.
Tax Rates for Locust Fork
- The Sales Tax Rate for Locust Fork is 7.7%. The US average is 7.3%.
- The Income Tax Rate for Locust Fork is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.
Income and Salaries for Locust Fork
- The average income of a Locust Fork resident is $22,043 a year. The US average is $37,638 a year.
- The Median household income of a Locust Fork resident is $33,775 a year. The US average is $69,021 a year.