Malcolm, AL is a small town located in Macon Country, Alabama. It is known for its rural charm and peaceful atmosphere. The average 2 bedroom rent in the area is $870 which is much less than the national average of $1,430. Additionally, groceries are also relatively cheaper here with an index of 97 versus 100 in the US.
The small town has many local businesses that contribute to its economy such as Food Giant Supermarket, Bama Express Mart, Malcolm Community Pharmacy, May's Grocery Store and others. These companies provide employment opportunities and other benefits to the people of the town. Overall, Malcolm offers a unique combination of rural charm and competitive prices making it an attractive option for those looking for affordable living.
Malcolm has an unemployment rate of 4.6%. The US average is 6.0%.
Malcolm has seen the job market decrease by -3.0% over the last year. Future job growth over the next ten years is predicted to be 26.1%, which is lower than the US average of 33.5%.
Tax Rates for Malcolm
- The Sales Tax Rate for Malcolm is 4.0%. The US average is 7.3%.
- The Income Tax Rate for Malcolm 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 Malcolm
- The average income of a Malcolm resident is $18,790 a year. The US average is $37,638 a year.
- The Median household income of a Malcolm resident is $0 a year. The US average is $69,021 a year.