35630 Florence, AL is a lovely city located in northwest Alabama, close to the Tennessee border. It is home to many local companies and institutions such as Honda of the Shoals, which manufactures engines and transmissions for cars; McWane Science Center, a family-friendly museum dedicated to interactive science exhibits; and Shoals Hospital, a major regional health care provider. 2 Bedroom Rent in Florence is $820 per month, which is significantly cheaper than the US average rent of $1,430. Additionally, shoppers will find that Florence has a Grocery Cost Index of 92 versus 100 in the US., making food prices comparatively lower.
Florence (zip 35630) has an unemployment rate of 3.2%. The US average is 6.0%.
Florence (zip 35630) 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 27.4%, which is lower than the US average of 33.5%.
Tax Rates for Florence (zip 35630)
- The Sales Tax Rate for Florence (zip 35630) is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Florence (zip 35630) 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 Florence (zip 35630)
- The average income of a Florence (zip 35630) resident is $20,246 a year. The US average is $28,555 a year.
- The Median household income of a Florence (zip 35630) resident is $36,164 a year. The US average is $69,021 a year.