The city of Montgomery, Alabama is an excellent place to live for those looking for a more affordable lifestyle. The average two-bedroom rent in Montgomery is $900, which is considerably lower than the national average of $1,430. Additionally, grocery costs are calculated to be about 93 on the index compared to 100 for the US as a whole, making it even more affordable to live here. There are many local companies and attractions to enjoy in Montgomery such as The National Memorial for Peace and Justice, the Rosa Parks Museum and Dexter Parsonage Museum. Other local businesses include Bill Penney Toyota, Garrett Exxon Firestone and Elliott Electric Company.
Montgomery (zip 36111) has an unemployment rate of 5.8%. The US average is 6.0%.
Montgomery (zip 36111) has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 30.3%, which is lower than the US average of 33.5%.
Tax Rates for Montgomery (zip 36111)
- The Sales Tax Rate for Montgomery (zip 36111) is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Montgomery (zip 36111) 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 Montgomery (zip 36111)
- The average income of a Montgomery (zip 36111) resident is $32,205 a year. The US average is $28,555 a year.
- The Median household income of a Montgomery (zip 36111) resident is $56,523 a year. The US average is $69,021 a year.