Sylvan Springs, AL is a small town located in Jefferson County. It is known for its affordable living expenses and low cost of living. The average two bedroom rent in Sylvan Springs is just $900, while it is $1,430 across the United States. The Grocery Cost Index in Sylvan Springs is 93 versus 100 nationwide. This makes it an ideal destination for those looking to save some money while still enjoying all the benefits of living in a community with strong local businesses. Companies like Southern Food Specialties, Dixie Mechanical Services, and Summerford Insurance are just a few of the many businesses that call this city home. With a population of just over 700 residents, Sylvan Springs provides its residents with plenty of opportunities to get involved in their local community and enjoy all that it has to offer.
Sylvan Springs has an unemployment rate of 3.8%. The US average is 6.0%.
Sylvan Springs 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 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Sylvan Springs
- The Sales Tax Rate for Sylvan Springs is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Sylvan Springs 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 Sylvan Springs
- The average income of a Sylvan Springs resident is $25,354 a year. The US average is $28,555 a year.
- The Median household income of a Sylvan Springs resident is $75,250 a year. The US average is $69,021 a year.