Sipsey, AL is a small town located in the northwest corner of Alabama. It is home to several local businesses such as the Sipsey Valley Creamery, a family-owned ice cream shop, and Sipsey Hardware, which has been providing hardware services for over 40 years. There are also several popular outdoor activities in Sipsey. The area boasts miles of trails for hiking and biking, as well as two nearby lakes perfect for fishing and swimming. The town also offers plenty of cultural attractions like local art galleries, live music venues, and historic sites. Despite its small size, Sipsey stands out with its low rent costs at just $710 per month for a two-bedroom apartment compared to the national average of $1,430. Groceries are also much more affordable with an index score of 90 versus 100 in the US overall. All these factors make Sipsey an attractive place to live or visit!
Sipsey has an unemployment rate of 3.3%. The US average is 6.0%.
Sipsey has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 29.0%, which is lower than the US average of 33.5%.
Tax Rates for Sipsey
- The Sales Tax Rate for Sipsey is 6.2%. The US average is 7.3%.
- The Income Tax Rate for Sipsey 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 Sipsey
- The average income of a Sipsey resident is $16,204 a year. The US average is $28,555 a year.
- The Median household income of a Sipsey resident is $20,526 a year. The US average is $69,021 a year.