Lanett, AL (36863) offers a much lower cost of living than the US average. The average 2 bedroom rent in Lanett is $800 compared to $1,430 in the US. Grocery costs in Lanett are also lower with an index score of 93 compared to 100 on average in the US. This low cost of living makes Lanett an attractive option for those looking for affordability without sacrificing quality of life. Local companies offer a variety of options for work and recreation including Fire Mountain Outfitters, Callaway Construction, and East Alabama Electric Co-Op.
Lanett (zip 36863) has an unemployment rate of 3.8%. The US average is 6.0%.
Lanett (zip 36863) has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 33.6%, which is higher than the US average of 33.5%.
Tax Rates for Lanett (zip 36863)
- The Sales Tax Rate for Lanett (zip 36863) is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Lanett (zip 36863) 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 Lanett (zip 36863)
- The average income of a Lanett (zip 36863) resident is $21,166 a year. The US average is $28,555 a year.
- The Median household income of a Lanett (zip 36863) resident is $44,543 a year. The US average is $69,021 a year.