36754 Magnolia, AL is a small city located in southern Alabama. It is known for its friendly people and laid back atmosphere. The cost of living is quite affordable, with a two bedroom rental averaging around $670 per month. This is significantly lower than the national average of $1,430 for two bedroom rentals. In addition to more affordable rent costs, grocery costs are also lower in Magnolia than the national average; the Grocery Cost Index is 102 versus 100 in the US.
The local economy consists of numerous small businesses as well as some larger employers such as Walmart Supercenter and Winn-Dixie. There are also many recreational activities available in Magnolia such as fishing, camping, hiking and visiting local attractions like Bull Point Creek Park or Millpond Park. For those looking for an affordable place to live with plenty of activities to do, 36754 Magnolia, AL may be worth considering.
Magnolia (zip 36754) has an unemployment rate of 4.3%. The US average is 6.0%.
Magnolia (zip 36754) has seen the job market decrease by -1.7% over the last year. Future job growth over the next ten years is predicted to be 31.2%, which is lower than the US average of 33.5%.
Tax Rates for Magnolia (zip 36754)
- The Sales Tax Rate for Magnolia (zip 36754) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Magnolia (zip 36754) 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 Magnolia (zip 36754)
- The average income of a Magnolia (zip 36754) resident is $162,919 a year. The US average is $37,638 a year.
- The Median household income of a Magnolia (zip 36754) resident is $0 a year. The US average is $69,021 a year.