In Flowery Branch, Georgia (zip code 30542), the average rent for a 2 bedroom apartment is $1,520, while the national average for the same type of rental unit is around $1,430. The Grocery Cost Index of Flowery Branch is 97, versus 100 in the US. Due to its location near Lake Lanier and the Chattahoochee National Forest, Flowery Branch has become a popular area to live in and as such are able to ask slightly higher prices.
The city's economy relies heavily on various local companies such as medical equipment supplier Royal Medical Supply Inc., bridal shop Fantasia Bridal Gowns, and construction materials provider Halfmoon Building Supply Inc. These companies are just a mere few of many that make up the lifeblood of Flowery Branch’s economy and ensure continued growth and prosperity.
Flowery Branch (zip 30542) has an unemployment rate of 2.6%. The US average is 6.0%.
Flowery Branch (zip 30542) has seen the job market increase by 4.4% over the last year. Future job growth over the next ten years is predicted to be 53.5%, which is higher than the US average of 33.5%.
Tax Rates for Flowery Branch (zip 30542)
- The Sales Tax Rate for Flowery Branch (zip 30542) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Flowery Branch (zip 30542) is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Flowery Branch (zip 30542)
- The average income of a Flowery Branch (zip 30542) resident is $26,492 a year. The US average is $28,555 a year.
- The Median household income of a Flowery Branch (zip 30542) resident is $82,679 a year. The US average is $69,021 a year.