Goodwater, AL (zip code 35072) is a small town nestled in the Coosa Valley with an approximate population of 852. It is known for its scenic beauty and peaceful environment. The current 2 bedroom rent in Goodwater is $750, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Goodwater is 92 compared to 100 in the US, making it a great place for affordable grocery shopping. There are several local companies that make up the economy of Goodwater, such as TandT Farms, CB&S Bank, and Floyd’s Appliance Parts & Service. Residents have access to critical services such as medical care provided by Coosa Valley Medical Center and educational opportunities at Central Alabama Community College – Alexander City Campus.
Goodwater (zip 35072) has an unemployment rate of 2.9%. The US average is 6.0%.
Goodwater (zip 35072) has seen the job market decrease by -5.0% over the last year. Future job growth over the next ten years is predicted to be 28.7%, which is lower than the US average of 33.5%.
Tax Rates for Goodwater (zip 35072)
- The Sales Tax Rate for Goodwater (zip 35072) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Goodwater (zip 35072) 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 Goodwater (zip 35072)
- The average income of a Goodwater (zip 35072) resident is $23,152 a year. The US average is $37,638 a year.
- The Median household income of a Goodwater (zip 35072) resident is $44,599 a year. The US average is $69,021 a year.