35975 Groveoak, AL is an affordable and charming town located in Marshall County. This small town is known for its tight-knit community with many local businesses and attractions that make it a great place to live or visit. The 2 bedroom rent is $730, which is significantly cheaper than the US average of $1430. Additionally, grocery costs are also lower, with an index of 92 compared to 100 in the US. Local businesses include Knox's Grocery Store for groceries, Grove Oak Pharmacy for prescriptions, and Meador's Auto Shop for car repairs. There are also plenty of outdoor activities such as hiking trails through the nearby woods or fishing on Lake Guntersville just 15 minutes away. Overall, 35975 Groveoak, AL offers an inviting atmosphere with plenty of opportunities to enjoy life without breaking the bank.
Groveoak (zip 35975) has an unemployment rate of 2.3%. The US average is 6.0%.
Groveoak (zip 35975) has seen the job market increase by 3.4% over the last year. Future job growth over the next ten years is predicted to be 36.5%, which is higher than the US average of 33.5%.
Tax Rates for Groveoak (zip 35975)
- The Sales Tax Rate for Groveoak (zip 35975) is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Groveoak (zip 35975) 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 Groveoak (zip 35975)
- The average income of a Groveoak (zip 35975) resident is $17,790 a year. The US average is $28,555 a year.
- The Median household income of a Groveoak (zip 35975) resident is $32,917 a year. The US average is $69,021 a year.