Silas, AL is a vibrant city located in the heart of Alabama. It is home to a variety of local businesses, such as Silas Electronics, Inc., a family-owned electronics shop, and Proven Plumbing Solutions, an experienced plumbing firm. The cost of living in Silas is quite affordable, with 2 bedroom rentals costing $840 per month on average versus the US average of $1,430. Additionally, the Grocery Cost Index in Silas is 93 as compared to 100 in the US - making it an attractive option for those looking to save money on daily food items. All these factors contribute to making Silas an ideal destination for those looking for a place that offers affordability and convenience.
Silas has an unemployment rate of 4.0%. The US average is 6.0%.
Silas has seen the job market increase by 3.9% over the last year. Future job growth over the next ten years is predicted to be 33.2%, which is lower than the US average of 33.5%.
Tax Rates for Silas
- The Sales Tax Rate for Silas is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Silas 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 Silas
- The average income of a Silas resident is $14,087 a year. The US average is $28,555 a year.
- The Median household income of a Silas resident is $45,952 a year. The US average is $69,021 a year.