Zip 35574 (Kennedy, AL) Economy


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United States / Alabama / No Metro Area / Lamar County / Kennedy / Kennedy (zip 35574)
35574 Kennedy, AL is an affordable area to live in, offering 2 bedroom rent for only $780 per month. This is significantly lower than the US average rent of $1,430 a month. Additionally, the grocery cost index in 35574 Kennedy, AL is 95 compared to the national average of 100. Companies such as Walmart, Dollar General, and Publix are nearby and offer competitive prices for groceries and other necessary items. With its low rental costs and low grocery cost index, 35574 Kennedy, AL can be a great choice for people seeking a budget-friendly place to call home.

Kennedy (zip 35574) has an unemployment rate of 2.6%. The US average is 6.0%.

Kennedy (zip 35574) has seen the job market decrease by -3.0% over the last year. Future job growth over the next ten years is predicted to be 33.0%, which is lower than the US average of 33.5%.

Tax Rates for Kennedy (zip 35574)
- The Sales Tax Rate for Kennedy (zip 35574) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Kennedy (zip 35574) 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 Kennedy (zip 35574)
- The average income of a Kennedy (zip 35574) resident is $23,577 a year. The US average is $37,638 a year.
- The Median household income of a Kennedy (zip 35574) resident is $54,375 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyKennedy, AlabamaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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