36555 Magnolia Springs, AL is a great place to settle down. The median two bedroom rent in the area is $1,010 which is far more affordable than the US median rent of $1,430. This makes it an attractive option for those looking for a more cost effective home. One of the highlights of this area is its access to all sorts of local businesses that provide needed goods and services in the community. These include companies like Magnolia Pest Control, Magnolia Tree Service, and Swag City Barbecue and Caterers. Additionally, the average grocery cost index for 36555 Magnolia Springs, AL stands at 97 compared to 100 for the US as a whole meaning groceries are slightly cheaper here than they are nationally. With its low living costs and plentiful local businesses 38555 Magnolia Springs, AL is sure to remain an attractive option for those seeking to settle down in a great community.
Magnolia Springs (zip 36555) has an unemployment rate of 2.9%. The US average is 6.0%.
Magnolia Springs (zip 36555) has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 43.8%, which is higher than the US average of 33.5%.
Tax Rates for Magnolia Springs (zip 36555)
- The Sales Tax Rate for Magnolia Springs (zip 36555) is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Magnolia Springs (zip 36555) 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 Springs (zip 36555)
- The average income of a Magnolia Springs (zip 36555) resident is $29,429 a year. The US average is $28,555 a year.
- The Median household income of a Magnolia Springs (zip 36555) resident is $86,591 a year. The US average is $69,021 a year.