Margaret, AL is a small city located in Morgan County and is home to many family-owned businesses. The average rent for two bedroom apartments in Margaret is $870, while the cost of living is slightly lower than the US at 97 versus 100. Local businesses include Graziella's Italian Restaurant, KKG Carpet & Flooring, and Taylor Creek Construction. There are also several other local retailers that offer top quality products at competitive prices. Residents also have access to plenty of recreational activities such as hiking, camping, fishing, and more. Margaret provides its citizens with an enjoyable quality of life and a strong sense of community.
Margaret has an unemployment rate of 2.5%. The US average is 6.0%.
Margaret has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 33.5%, which is lower than the US average of 33.5%.
Tax Rates for Margaret
- The Sales Tax Rate for Margaret is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Margaret 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 Margaret
- The average income of a Margaret resident is $20,838 a year. The US average is $28,555 a year.
- The Median household income of a Margaret resident is $64,992 a year. The US average is $69,021 a year.