Zip 35226 (Hoover, AL) Economy


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Hoover, AL 35226 is a great place to live with many local companies to choose from. Residents can access major employers like UAB Medical West, Regions Bank, and Birmingham Business Alliance. There are also smaller businesses within the area such as 7-Eleven convenience stores, Bentley Automotive Group, and Triumph Bank. The average rent for two bedroom apartments in Hoover is $1,490 which is slightly higher than the US average of $1,430. Grocery cost index in the area is 102 which is slightly higher than the US index of 100.

Hoover (zip 35226) has an unemployment rate of 1.9%. The US average is 6.0%.

Hoover (zip 35226) has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.

Tax Rates for Hoover (zip 35226)
- The Sales Tax Rate for Hoover (zip 35226) is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Hoover (zip 35226) 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 Hoover (zip 35226)
- The average income of a Hoover (zip 35226) resident is $40,256 a year. The US average is $28,555 a year.
- The Median household income of a Hoover (zip 35226) resident is $114,509 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHoover, AlabamaUnited States
  1.96
  -3.7%-6.2%
  32.5%33.5%
  9.5%6.2%
  5.0%4.6%
  $51,824$37,638
  $114,509$69,021
  $130,561$85,028
  Population by Occupation
  0.0%1.2%
  0.5%0.5%
  2.8%6.8%
  7.6%10.0%
  3.1%2.5%
  11.2%11.0%
  2.1%4.8%
  1.9%0.8%
  2.0%1.9%
  8.6%4.7%
  3.2%1.9%
  10.3%7.6%
  0.7%0.1%
  3.7%4.2%
  13.0%9.3%
  16.9%14.0%
  0.9%2.1%
  3.8%7.0%
  4.5%4.8%
  3.1%4.7%
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