36763 Myrtlewood, AL is a small town located in Alabama, just a few miles from the Alabama state line. It has a population of about 4,000 people and is known for its rural charm and friendly atmosphere. Rent for a two bedroom apartment in Myrtlewood is significantly less than the US average at only $680 per month. The grocery cost index in Myrtlewood is also lower than the US index, coming in at 95 as compared to 100. This makes Myrtlewood an attractive place to live due to its low cost of living. Some of the local companies that call Myrtlewood home include Valley Forge Golf Club, Spring Lawns Care Clinic and Stoney Brook Farms. All of these businesses provide employment opportunities for residents within the community and help to support the local economy.
Myrtlewood (zip 36763) has an unemployment rate of 4.3%. The US average is 6.0%.
Myrtlewood (zip 36763) has seen the job market decrease by -0.7% 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 Myrtlewood (zip 36763)
- The Sales Tax Rate for Myrtlewood (zip 36763) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Myrtlewood (zip 36763) 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 Myrtlewood (zip 36763)
- The average income of a Myrtlewood (zip 36763) resident is $20,597 a year. The US average is $28,555 a year.
- The Median household income of a Myrtlewood (zip 36763) resident is $71,250 a year. The US average is $69,021 a year.