Movico, AL is a great place to live with a lot of advantages. The cost of living is relatively low compared to the national average making it an attractive option for those looking for a more affordable place to call home. The average 2 bedroom rent in Movico, AL is $870 which is significantly lower than the US rate at $1,430. Additionally, grocery cost index in Movico, AL is 92 versus 100 in the US which makes budgeting easier for residents. Local companies such as Movico Logistics and Beak Consultants are two of the largest employers in the area that offer competitive wages and benefits packages. All in all, Movico provides an excellent quality of life at an affordable price without sacrificing anything in terms of job opportunities or amenities.
Movico has an unemployment rate of 5.2%. The US average is 6.0%.
Movico has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 29.0%, which is lower than the US average of 33.5%.
Tax Rates for Movico
- The Sales Tax Rate for Movico is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Movico 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 Movico
- The average income of a Movico resident is $16,407 a year. The US average is $28,555 a year.
- The Median household income of a Movico resident is $13,750 a year. The US average is $69,021 a year.