Solomon, AZ is a small town located in the north of Arizona. It is known for its picturesque landscape and friendly community. The average 2 bedroom rent in Solomon is $1,030 which is significantly lower than the national average of $1,430. In addition to lower rental rates, general grocery prices also tend to be cheaper compared to other parts of the country with a Grocery Cost Index rating of 94 versus 100 in the US.
The town has many local business including Solomon Pharmacy, Heart Of America Cleaners, Ponderosa Brewery & Restaurant and The Gun Room. Each of these companies offers unique services and products that help meet the needs of locals and visitors alike. Whether you’re looking for a delicious meal at Ponderosa Brewery & Restaurant or needing some medication from Solomon Pharmacy, it’s easy to find what you need in Solomon.
Solomon has an unemployment rate of 5.4%. The US average is 6.0%.
Solomon has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 33.1%, which is lower than the US average of 33.5%.
Tax Rates for Solomon
- The Sales Tax Rate for Solomon is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Solomon is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Solomon
- The average income of a Solomon resident is $22,328 a year. The US average is $37,638 a year.
- The Median household income of a Solomon resident is $68,696 a year. The US average is $69,021 a year.