McKenzie, AL is a small town with a friendly atmosphere and a low cost of living. The average 2 bedroom rent is $680, which is significantly cheaper than the US average of $1,430. The Grocery Cost Index in McKenzie, AL is also much lower than the national average at 91 compared to 100. Residents benefit from local businesses such as D&W Truck Repair Centre, Home Sweet Home Realty and Andrew's Supermarket that provide quality goods and services at affordable prices. In short, McKenzie offers its residents quality goods and services at a fraction of the price when compared to other areas in the United States.
McKenzie has an unemployment rate of 5.7%. The US average is 6.0%.
McKenzie has seen the job market decrease by -6.5% over the last year. Future job growth over the next ten years is predicted to be 23.2%, which is lower than the US average of 33.5%.
Tax Rates for McKenzie
- The Sales Tax Rate for McKenzie is 5.5%. The US average is 7.3%.
- The Income Tax Rate for McKenzie 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 McKenzie
- The average income of a McKenzie resident is $17,318 a year. The US average is $37,638 a year.
- The Median household income of a McKenzie resident is $25,781 a year. The US average is $69,021 a year.