Montgomery, AL 36116 is a small city located in Alabama. The average 2 Bedroom rent in Montgomery is $1,000 compared to the US average of $1,430. Additionally, the Grocery Cost Index of 92 in Montgomery is lower than the US index of 100. This makes Montgomery an affordable place to live for those looking for budget-friendly options.
Some local companies that operate in and around Montgomery include Hyundai Motor Manufacturing Alabama (HMMA), Max Credit Union, St. Vincent's Health System, and Alabama Power Company. There are also a number of great shopping and dining venues to explore such as The Shoppes at EastChase and Chappy’s Deli & Pub. Furthermore, the unemployment rate in Montgomery is just 3%, which is much lower than the national average of 6%.
Montgomery (zip 36116) has an unemployment rate of 5.8%. The US average is 6.0%.
Montgomery (zip 36116) has seen the job market decrease by -3.9% 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 36116)
- The Sales Tax Rate for Montgomery (zip 36116) is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Montgomery (zip 36116) 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 36116)
- The average income of a Montgomery (zip 36116) resident is $24,756 a year. The US average is $37,638 a year.
- The Median household income of a Montgomery (zip 36116) resident is $47,620 a year. The US average is $69,021 a year.