Geneva, AL (36340) is a small city located in the southeastern corner of Alabama. The city is home to approximately 4,200 people and offers both rural relaxation and urban amenities. The cost of living in Geneva, AL is comparatively low with an average two bedroom rental rate of only $720 per month. The U.S. average for a two bedroom rental rate is $1,430 per month indicating that Geneva has much more affordable housing than the national average. Furthermore, grocery costs are generally lower than the national average with a grocery cost index of 94 versus 100 in the US. Local companies include GOWA Seeds Inc., Dave's Ceramic Products Inc., Watson Lumber Co., Southwest Alabama Gas District, and PCA Industrial Supply Co., among others. With its lower cost of living and array of local businesses, Geneva, AL is an attractive place for those seeking an affordable lifestyle without sacrificing modern amenities.
Geneva (zip 36340) has an unemployment rate of 2.5%. The US average is 6.0%.
Geneva (zip 36340) has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Geneva (zip 36340)
- The Sales Tax Rate for Geneva (zip 36340) is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Geneva (zip 36340) 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 Geneva (zip 36340)
- The average income of a Geneva (zip 36340) resident is $18,706 a year. The US average is $28,555 a year.
- The Median household income of a Geneva (zip 36340) resident is $38,222 a year. The US average is $69,021 a year.