35651 Mount Hope, AL is a small rural town located in Madison County. The median 2 bedroom rent in the area is $900, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in 35651 Mount Hope, AL is 93 compared to the US average of 100. This makes it an affordable place to live for individuals and families looking to escape the hustle and bustle of city life while still having access to essential services. Local businesses include Mt. Hope Supermarket, Mt Hope Grocery & Meat Market and Harold's Feed & Farm Supply.
Mount Hope (zip 35651) has an unemployment rate of 2.6%. The US average is 6.0%.
Mount Hope (zip 35651) has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 34.2%, which is higher than the US average of 33.5%.
Tax Rates for Mount Hope (zip 35651)
- The Sales Tax Rate for Mount Hope (zip 35651) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Mount Hope (zip 35651) 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 Mount Hope (zip 35651)
- The average income of a Mount Hope (zip 35651) resident is $22,069 a year. The US average is $28,555 a year.
- The Median household income of a Mount Hope (zip 35651) resident is $60,893 a year. The US average is $69,021 a year.