35622 Falkville, AL is a small town located near the major cities of Huntsville and Birmingham. It has an estimated population of about 954 people in 2019. The 2 bedroom rent in this area comes in at an affordable $890 per month, which is much lower than the US average of $1,430. Similarly, grocery cost index here stands at 93 versus 100 in the US. This makes it a great place to live for those looking to save on their living costs while still enjoying all that a bustling city can offer. Notable local companies include Alabama Skydiving Center, a premier skydiving destination; Spears Farms, with over 2000 acres spread across three counties and producing fruits, vegetables and Christmas trees; and C&W Farms, specializing in hay production for over 70 years.
Falkville (zip 35622) has an unemployment rate of 2.4%. The US average is 6.0%.
Falkville (zip 35622) has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 33.1%, which is lower than the US average of 33.5%.
Tax Rates for Falkville (zip 35622)
- The Sales Tax Rate for Falkville (zip 35622) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Falkville (zip 35622) 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 Falkville (zip 35622)
- The average income of a Falkville (zip 35622) resident is $21,915 a year. The US average is $37,638 a year.
- The Median household income of a Falkville (zip 35622) resident is $51,062 a year. The US average is $69,021 a year.