Summerdale, AL is an affordable place to live with 2 bedroom rent costing only $980 a month. This is significantly lower than the US, which pays an average of $1,430 for 2 bedroom renting. Grocery costs are also lower in Summerdale, with its grocery cost index being 96 compared to 100 in the US. Summerdale is home to various local companies such as International Paper and Southland Steel. It offers its residents a more budget-friendly living experience while still having access to jobs and essential services. In comparison to the US, Summerdale has lower costs of living without sacrificing job opportunities or quality of life.
Summerdale has an unemployment rate of 2.9%. The US average is 6.0%.
Summerdale has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 43.8%, which is higher than the US average of 33.5%.
Tax Rates for Summerdale
- The Sales Tax Rate for Summerdale is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Summerdale 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 Summerdale
- The average income of a Summerdale resident is $18,991 a year. The US average is $28,555 a year.
- The Median household income of a Summerdale resident is $60,500 a year. The US average is $69,021 a year.