Selmont-West Selmont, AL is a great place to live with an affordable cost of living. Rent for a two bedroom apartment in this area averages $850 per month, significantly lower than the US average of $1,430. Additionally, groceries are also more affordable than elsewhere in the country with an index score of 92 versus 100 in the US. There are many local companies that make up the community of Selmont-West Selmont such as Smith Transport Solutions Inc., Selmont Bakery and Cafe, and K&B Quality Services LLC. This area is known for its wonderful outdoor activities like hiking trails and nearby lakes. It's also conveniently located near major cities such as Birmingham and Montgomery. Whether you're looking for a place to settle down or just visit for a while, Selmont-West Selmont has something for everyone.
Selmont-West Selmont has an unemployment rate of 7.5%. The US average is 6.0%.
Selmont-West Selmont has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 15.5%, which is lower than the US average of 33.5%.
Tax Rates for Selmont-West Selmont
- The Sales Tax Rate for Selmont-West Selmont is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Selmont-West Selmont 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 Selmont-West Selmont
- The average income of a Selmont-West Selmont resident is $8,904 a year. The US average is $28,555 a year.
- The Median household income of a Selmont-West Selmont resident is $31,745 a year. The US average is $69,021 a year.