Auburn, AL is a great place to live with a lower than average cost of living. Rent for a two bedroom apartment averages around $1,060 per month, which is significantly less than the US average of $1,430. Grocery costs are also very affordable; they index at 101 compared to the US at 100. The city is home to many well-known companies such as Auburn University, Toomer's Drugs, and Auburn Dairy. All these factors make Auburn an attractive and affordable place to live.
Auburn has an unemployment rate of 2.3%. The US average is 6.0%.
Auburn has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 39.1%, which is higher than the US average of 33.5%.
Tax Rates for Auburn
- The Sales Tax Rate for Auburn is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Auburn 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 Auburn
- The average income of a Auburn resident is $24,896 a year. The US average is $28,555 a year.
- The Median household income of a Auburn resident is $54,700 a year. The US average is $69,021 a year.