Sweet Water, AL is a great city for people looking to save money on their budget. The average 2 Bedroom rent in the area is only $760 compared to the US average of $1,430. In addition to low rent, Sweet Water also boasts a Grocery Cost Index of 93 versus the national average of 100. This means that groceries are 7% cheaper than the rest of the nation on average. Many local businesses help contribute to this affordable lifestyle including Patterson's Country Market for fresh produce and meats, Shelby Bank for financial services, and Adam's Car Repair for automotive needs. The friendly atmosphere and affordability makes it easy to see why Sweet Water has become such a popular destination for living and working.
Sweet Water has an unemployment rate of 4.3%. The US average is 6.0%.
Sweet Water has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 31.2%, which is lower than the US average of 33.5%.
Tax Rates for Sweet Water
- The Sales Tax Rate for Sweet Water is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Sweet Water 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 Sweet Water
- The average income of a Sweet Water resident is $24,356 a year. The US average is $28,555 a year.
- The Median household income of a Sweet Water resident is $63,000 a year. The US average is $69,021 a year.