Chatom, Alabama is a small town located in Washington County with a population of 36518 people. The cost of living is relatively low compared to the national average, with 2 Bedroom Rent being $910 versus $1,430 nationally. Additionally, the Grocery Cost Index in Chatom is 95 compared to 100 nationally. While Chatom may be a small town, it has plenty of local businesses to choose from such as Freeman's Market, The Wine Shop and Restaurant, Paul's Custom Meats & Produce and more.
Chatom (zip 36518) has an unemployment rate of 4.6%. The US average is 6.0%.
Chatom (zip 36518) 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 Chatom (zip 36518)
- The Sales Tax Rate for Chatom (zip 36518) is 4.0%. The US average is 7.3%.
- The Income Tax Rate for Chatom (zip 36518) 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 Chatom (zip 36518)
- The average income of a Chatom (zip 36518) resident is $25,735 a year. The US average is $37,638 a year.
- The Median household income of a Chatom (zip 36518) resident is $49,279 a year. The US average is $69,021 a year.