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Peterman, AL Economy


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Peterman, AL is a small town located in Alabama. The population is relatively small compared to other parts of the US, but it still provides plenty of opportunity for those who live there. The average rent for a two-bedroom apartment or house is $760, which is approximately half of what the national average rent is ($1,430). Additionally, grocery costs are slightly lower than the US average, with an index score of 93 versus 100 in the US. This makes Peterman a great place for people looking to save money on living expenses.
The local economy is also strong and diverse with many businesses operating in Peterman. Popular companies include Dollar General, Petsmart Veterinary Clinic, and Joe's Pizza & Subs. All these businesses provide employment opportunities and economic security to residents. Furthermore, there are plenty of leisure activities available such as weekend farmers’ markets, local parks and outdoor pursuits including fishing at Lake Eufaula State Park nearby.
Overall, Peterman offers an affordable cost of living compared to other areas in the US while still providing plenty of amenities for its residents to enjoy. This makes Peterman an attractive location for those looking for a slower pace of life without sacrificing basic necessities or leisure activities.

Peterman has an unemployment rate of 6.0%. The US average is 6.0%.

Peterman has seen the job market decrease by -1.5% over the last year. Future job growth over the next ten years is predicted to be 22.2%, which is lower than the US average of 33.5%.

Tax Rates for Peterman
- The Sales Tax Rate for Peterman is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Peterman is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing ºÚÁÏÉçÇø.

Income and Salaries for Peterman
- The average income of a Peterman resident is $75,980 a year. The US average is $37,638 a year.
- The Median household income of a Peterman resident is $0 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPeterman, AlabamaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
Household Income 69021
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