Goodwater, AL is a small city located in Coosa County. It is home to a variety of businesses, amenities, and attractions that make it an ideal place to live. The cost of living in Goodwater is much lower than the national average. For example, 2 bedroom rent in Goodwater is $770 compared to the US average of $1,430. Additionally, the grocery cost index in Goodwater is 92 compared to 100 in the US. Local companies include businesses like Walmart, Dollar General Store, and Elberta Grocery Store. Goodwater also offers plenty of recreational activities such as parks such as Jacks Lake Park, Marbury Creek Park and Wind Creek State Park. For those who enjoy outdoor activities there are nearby lakes for swimming and fishing as well as hiking trails along with several nearby golf courses. Additionally, the city has multiple restaurants such as Elberta Cafe & Catering and La Primavera Mexican Restaurant & Grill that offer residents delicious cuisines from around the world.
Goodwater has an unemployment rate of 2.9%. The US average is 6.0%.
Goodwater has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 28.7%, which is lower than the US average of 33.5%.
Tax Rates for Goodwater
- The Sales Tax Rate for Goodwater is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Goodwater 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 Goodwater
- The average income of a Goodwater resident is $13,063 a year. The US average is $28,555 a year.
- The Median household income of a Goodwater resident is $32,256 a year. The US average is $69,021 a year.