4,318
edits
Alexandria: Difference between revisions
m
→Personal income
m (→Economy) |
|||
| Line 278: | Line 278: | ||
=== Personal income === | === Personal income === | ||
[[File:ValerianSandsHomes.jpg|thumb|left|200px|Homes on the water in New Venceia's [[Valerian Sands]]]] | |||
Alexandria boasts a healthy personal income climate, with a median household income of $77,772, ranking 12th highest in Cartadania. This is reflective of the state's diverse economy, which is driven by a mix of industries, including manufacturing, tourism, and agriculture. The state's low unemployment rate of 3.1% demonstrates the success of Alexandria's labor market, which has a well-educated workforce and a strong business community. Despite the strong economic standing of the state, Alexandria still faces challenges related to poverty, with a poverty rate of approximately 9%. | |||
The state's income tax system is progressive, meaning that those with higher incomes pay a higher tax rate. The tax has three brackets and is based on taxable income. Additionally, the state's sales tax is set at a base rate of 4.00%, and the property tax rate is around 1.71% on average. These taxes are important sources of revenue for the state, which uses them to fund public services and infrastructure projects. The state also has a fuel tax, with a rate of 11.53 cents per liter (approximately 43.61 cents per gallon), which helps to maintain the state's transportation network. The absence of an annual vehicle tax provides a welcome relief for car owners in Alexandria. | |||
=== Real estate === | === Real estate === | ||