Cuba, AL Economy


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United States / Alabama / No Metro Area / Sumter County / Cuba / Zip Codes
Cuba, AL is a small city with a population of 2,280. It is known for its rich history and its welcoming atmosphere. The cost of living in Cuba, AL is relatively low compared to other parts of the United States. 2 Bedroom Rent in Cuba, AL is $710 per month whereas the US average 2 Bedroom rent is $1,430- making it a great place to live on a budget. The grocery cost index in Cuba, AL is 94 versus 100 in the US- meaning that groceries are also very affordable here. There are many local businesses that call this city home such as WAMMCO International, the Alabama Bones Company LLC and Southside & Co., F&G Supply Co., LLC. No matter what you're looking for, Cuba, AL has something for everyone!

Cuba has an unemployment rate of 4.2%. The US average is 6.0%.

Cuba has seen the job market decrease by -2.7% over the last year. Future job growth over the next ten years is predicted to be 14.2%, which is lower than the US average of 33.5%.

Tax Rates for Cuba
- The Sales Tax Rate for Cuba is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cuba 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 Cuba
- The average income of a Cuba resident is $31,179 a year. The US average is $37,638 a year.
- The Median household income of a Cuba resident is $54,063 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCuba, AlabamaUnited States
  4.26
  -2.7%-6.2%
  14.2%33.5%
  7.0%6.2%
  5.0%4.6%
  $31,179$37,638
  $54,063$69,021
  $55,417$85,028
  Population by Occupation
  7.7%1.2%
  0.0%0.5%
  0.0%6.8%
  8.4%10.0%
  0.0%2.5%
  23.8%11.0%
  1.4%4.8%
  7.7%0.8%
  0.7%1.9%
  12.6%4.7%
  0.0%1.9%
  5.6%7.6%
  0.0%0.1%
  0.0%4.2%
  16.8%9.3%
  5.6%14.0%
  0.0%2.1%
  1.4%7.0%
  5.6%4.8%
  2.8%4.7%
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