Here are Alabama’s most paycheck friendly counties

0
Alabama has relatively low income taxes, but if you’re wondering where your paycheck goes the furthest in the Yellowhammer State — wonder no more.
SmartAsset, a financial technology company, recently calculated the most paycheck-friendly places in the state, and ranked each county based on four financial criteria: ​s​emi-monthly paycheck, purchasing power, unemployment rate and income growth.
Basically paycheck friendliness is how much of a paycheck a worker gets to keep after taxes are paid and required purchases are made, combined with prospects for future growth and job security.
“Our study aims to find the most paycheck friendly places in the country. These are places in the country with favorable economic conditions where you get to keep more of the money you make,” said SmartAsset.
The Heart of Dixie has a variable income tax rate, in which the amount of tax withheld depends on which of three tax brackets you fall under. This generally means that you’ll be taxed more if you earn more.
Residents of Alabama usually have their federal tax, along with their state tax, withheld from each paycheck. Depending on which county you live in, local income taxes are also withheld.
Alabama_Paycheck Friendly Counties 2018.1

Alabama’s top 10 pay-check friendly counties [Photo Credit: SmartAsset]

Here are the 10 most paycheck-friendly counties in Alabama: 
  1. Shelby County, A​la.​
  2. Madison County, A​la.​
  3. Limestone County, A​la.
  4. Tuscaloosa County, A​la.
  5. Elmore County, A​la.​
  6. Saint Clair County, A​la.​
  7. Henry County, A​la.​
  8. Bullock County, A​la.​
  9. Autauga County, A​la.
  10. Lee County, A​la.​
Alabama paycheck quick facts:
  • State income tax rate: 2 percent – 5 percent
  • Median household income: $42,830 in 2014 (US Census Bureau)
  • Number of cities with local income taxes: 4
Share.

Leave A Reply

Show Buttons
Hide Buttons
Processing...
Thank you! Your subscription has been confirmed. You'll hear from us soon.
Sign-up for Alabama Today's The Cheat Sheet
The morning read of Alabama politics
ErrorHere
%d bloggers like this: