Slocomb, AL is a small town with plenty of charm and friendly people. It is a great place to live and work due to its low cost of living. The average two-bedroom rent in Slocomb is $740 which is less than half the national average two-bedroom rent of $1,430. Similarly, the Grocery Cost Index in Slocomb is only 93 compared to 100 in other parts of the US. Slocomb has an abundance of businesses and companies that make up the local economy like Farmers Coop, Okker's Cafe, Watson's Small Engine Repair and many more. If you're looking for affordability as well as convenience then Slocomb might just be the perfect place for you!
Slocomb has an unemployment rate of 2.5%. The US average is 6.0%.
Slocomb has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Slocomb
- The Sales Tax Rate for Slocomb is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Slocomb 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 Slocomb
- The average income of a Slocomb resident is $21,007 a year. The US average is $28,555 a year.
- The Median household income of a Slocomb resident is $37,596 a year. The US average is $69,021 a year.