Myrtlewood, AL is a rural town in the US with a population of about 2,000 people. The area is known for its affordability and cost of living; the rent for a two bedroom apartment in Myrtlewood is approximately $650, while the national average for two bedroom rent stands at around $1430. Additionally, Myrtlewood has a lower grocery cost index of 95 compared to the national average which is 100. The town offers plenty of local businesses such as Bob's Pharmacy, Myrtlewood Auto Parts Store, and Jack's Burgers & Fries Restaurant. All these services make Myrtlewood an ideal destination for those looking to make ends meet while still enjoying life's little luxuries.
Myrtlewood has an unemployment rate of 4.3%. The US average is 6.0%.
Myrtlewood has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 31.2%, which is lower than the US average of 33.5%.
Tax Rates for Myrtlewood
- The Sales Tax Rate for Myrtlewood is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Myrtlewood 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 Myrtlewood
- The average income of a Myrtlewood resident is $20,105 a year. The US average is $28,555 a year.
- The Median household income of a Myrtlewood resident is $71,250 a year. The US average is $69,021 a year.