Macedonia, AL is a small town located in central Alabama. The population is forty-three hundred with a median household income of thirty-six thousand. The cost of living in Macedonia is very affordable with two bedroom rent at $730 per month, which is much lower than the national average of $1,430. Additionally, the Grocery Cost Index in Macedonia is 95, lower than the US average of 100. Local companies include John’s Carpet Cleaning, Smith’s Hair Salon, and Black River Bakery. There are also several local parks nearby for outdoor activities such as fishing and camping. Macedonia offers a quiet rural lifestyle at an affordable price.
Macedonia has an unemployment rate of 3.8%. The US average is 6.0%.
Macedonia has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 23.9%, which is lower than the US average of 33.5%.
Tax Rates for Macedonia
- The Sales Tax Rate for Macedonia is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Macedonia 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 Macedonia
- The average income of a Macedonia resident is $28,855 a year. The US average is $37,638 a year.
- The Median household income of a Macedonia resident is $44,038 a year. The US average is $69,021 a year.