Zip 35616 (Cherokee, AL) Economy


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35616 Cherokee, AL is a great place to live with many amenities for residents. The 2 bedroom rent in the area is very affordable at $830 compared to the US average of $1,430, making it an attractive option for those seeking affordable housing. Additionally, the grocery cost index in the area is 92 versus 100 in the US, which makes it more affordable to purchase groceries. \nThe area offers numerous local businesses and amenities including Lucky's BBQ and Cafe specializing in Southern-style cooking; Jones Tire Center providing auto services; Reeds Grocery Store offering fresh produce and groceries; City Hall offering recreational activities such as swimming pools and parks; and Valley Lions Club hosting community events. Whether looking for a good meal or great entertainment, 35616 Cherokee has something for everyone.

Cherokee (zip 35616) has an unemployment rate of 3.6%. The US average is 6.0%.

Cherokee (zip 35616) has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 26.5%, which is lower than the US average of 33.5%.

Tax Rates for Cherokee (zip 35616)
- The Sales Tax Rate for Cherokee (zip 35616) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Cherokee (zip 35616) 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 Cherokee (zip 35616)
- The average income of a Cherokee (zip 35616) resident is $19,590 a year. The US average is $28,555 a year.
- The Median household income of a Cherokee (zip 35616) resident is $45,326 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCherokee, AlabamaUnited States
  3.66
  -3.5%-6.2%
  26.5%33.5%
  5.5%6.2%
  5.0%4.6%
  $26,263$37,638
  $45,326$69,021
  $61,250$85,028
  Population by Occupation
  1.3%1.2%
  6.7%0.5%
  11.9%6.8%
  22.4%10.0%
  5.8%2.5%
  4.8%11.0%
  9.0%4.8%
  0.9%0.8%
  2.0%1.9%
  3.4%4.7%
  0.3%1.9%
  0.0%7.6%
  0.0%0.1%
  3.4%4.2%
  10.7%9.3%
  7.7%14.0%
  0.0%2.1%
  2.2%7.0%
  5.7%4.8%
  1.8%4.7%
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