The town of Steele, Alabama (35987) is a great place to live with an affordable housing market compared to the US average. The average 2 bedroom rent for Steele is $880, which is 40% lower than the national average of $1,430. Additionally, the Grocery Cost Index in Steele is 94 versus 100 in the US, making it 6% cheaper to purchase groceries in Steele. There are plenty of local businesses around town such as J&J Cafe where you can get delicious breakfast and lunch food and Martin's IGA for grocery items. Other local stores include Country Boy Pharmacy and X-Treme Sports & Apparel where you can purchase necessities at a fair price. All in all, Steele offers a great cost of living for residents with plenty of local businesses to shop from.
Steele (zip 35987) has an unemployment rate of 2.5%. The US average is 6.0%.
Steele (zip 35987) has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 33.5%, which is lower than the US average of 33.5%.
Tax Rates for Steele (zip 35987)
- The Sales Tax Rate for Steele (zip 35987) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Steele (zip 35987) 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 Steele (zip 35987)
- The average income of a Steele (zip 35987) resident is $24,209 a year. The US average is $37,638 a year.
- The Median household income of a Steele (zip 35987) resident is $62,703 a year. The US average is $69,021 a year.