36865 Loachapoka, AL is a small town located in Lee County that boasts a population of about 400 people. The average two bedroom rent is $1,050 which is significantly less than the US average of $1,430 making it an affordable place to live for many individuals and families. Apart from lower rent costs, grocery cost index in town stands at 93 compared to 100 US-wide. Local businesses include Shades Valley Farms which provides farm fresh produce to its customers while Red Hill Post Office offers postal services to residents. The area also has some popular tourist attractions such as the Loachapoka Syrup Sopping Festival held usually on the last Saturday of April which brings many visitors from all around annually to enjoy Alabama's culture and history. Overall, Loachapoka is a great place to live with its low cost of living and nearness to tourist attractions providing a unique experience for everyone who visits or lives in the area.
Loachapoka (zip 36865) has an unemployment rate of 2.7%. The US average is 6.0%.
Loachapoka (zip 36865) has seen the job market decrease by -3.6% over the last year. Future job growth over the next ten years is predicted to be 38.5%, which is higher than the US average of 33.5%.
Tax Rates for Loachapoka (zip 36865)
- The Sales Tax Rate for Loachapoka (zip 36865) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Loachapoka (zip 36865) 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 Loachapoka (zip 36865)
- The average income of a Loachapoka (zip 36865) resident is $21,612 a year. The US average is $37,638 a year.
- The Median household income of a Loachapoka (zip 36865) resident is $58,542 a year. The US average is $69,021 a year.