Meadowbrook, AL is an attractive suburb of Birmingham located in the northern part of the state. This cozy community offers a variety of amenities for its residents, and boasts several local businesses that contribute to the area’s economy. Local companies include Meadowbrook Paint & Wallpaper, Valley Distributors Inc., and the State Bank of Meadowbrook. The average two-bedroom rent in Meadowbrook is $1,470, which is slightly more than the US average of $1,430. The cost of groceries in Meadowbrook is also higher than the national average with its Grocery Cost Index rating being 104 compared to 100 in the US. With its convenient location and many family-friendly facilities such as parks, schools, museums and libraries, it's easy to see why so many people choose to call this charming town home.
Meadowbrook has an unemployment rate of 2.0%. The US average is 6.0%.
Meadowbrook has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.
Tax Rates for Meadowbrook
- The Sales Tax Rate for Meadowbrook is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Meadowbrook 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 Meadowbrook
- The average income of a Meadowbrook resident is $56,843 a year. The US average is $37,638 a year.
- The Median household income of a Meadowbrook resident is $128,125 a year. The US average is $69,021 a year.