ZIP Code 31036

In ZIP code 31036, which takes in Cochran, households earn a median of $50,482, or $28,088 per person. A median home there is valued at $163,000, and the county-level property tax rate of 0.93% works out to roughly $1,516 a year on that home. Add an 8.00% combined sales tax on purchases, and the picture is one of moderate housing costs paired with a sales tax that takes a steady cut of everyday spending. Income sits below the housing value by a wide margin, so buyers here tend to carry mortgages that stretch well past a single year's earnings.