36507 Bay Minette, AL is an excellent place to live for those looking for a low cost of living. The average 2 Bedroom Rent in 36507 Bay Minette, AL is $940, significantly lower than the US average of $1,430. Additionally, grocery costs are 5 percent below the national average which helps residents stretch their budgets further. Not only does the city offer affordable housing and groceries, but it also has several local companies that help make up its economy. Some key businesses include the family owned grocery store Bay Fresh Produce Market, computer repair provider A-Plus Computer Solutions and furniture manufacturer Country House Furniture. All three of these establishments provide quality goods and services at competitive prices to the citizens of 36507 Bay Minette, AL.
Bay Minette (zip 36507) has an unemployment rate of 2.9%. The US average is 6.0%.
Bay Minette (zip 36507) has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 43.8%, which is higher than the US average of 33.5%.
Tax Rates for Bay Minette (zip 36507)
- The Sales Tax Rate for Bay Minette (zip 36507) is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Bay Minette (zip 36507) 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 Bay Minette (zip 36507)
- The average income of a Bay Minette (zip 36507) resident is $19,611 a year. The US average is $28,555 a year.
- The Median household income of a Bay Minette (zip 36507) resident is $44,918 a year. The US average is $69,021 a year.