36320 Cottonwood, AL is a charming town with an affordable cost of living. The 2 bedroom rent here is $750 which is significantly lower than the US average of $1,430. Residents in 36320 Cottonwood, AL can also take advantage of the low grocery cost index rating of 94 compared to the US's 100 rating. Local companies such as Fletcher Grocery and Gadsden Furniture Mart provide residents with all their necessary items at great prices. Both stores are popular in the area for having quality products and friendly service. In addition, there are several local restaurants where residents can enjoy delicious meals without breaking the bank. With the low housing costs and grocery prices, 36320 Cottonwood, AL is a great place to call home.
Cottonwood (zip 36320) has an unemployment rate of 3.4%. The US average is 6.0%.
Cottonwood (zip 36320) has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Cottonwood (zip 36320)
- The Sales Tax Rate for Cottonwood (zip 36320) is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Cottonwood (zip 36320) 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 Cottonwood (zip 36320)
- The average income of a Cottonwood (zip 36320) resident is $20,153 a year. The US average is $28,555 a year.
- The Median household income of a Cottonwood (zip 36320) resident is $38,182 a year. The US average is $69,021 a year.