Cost Of Living in Clay, AL

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Clay	Alabama	National
Cost of living	97	88	100
Goods & Services	98	96	100
Groceries	97	96	100
Health care	94	87	100
Housing	95	72	100
Transportation	91	91	100
Utilities	108	102	100

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Cost Of Living Quick Facts

The cost of living in Clay is 10% higher than the Alabama average
The cost of living in Clay is 3% lower than the national average
Clay housing is 5% lower than the national average
Alabama general sales tax is 22% lower than the national average
Alabama state income tax is 23% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$75,078	$6,257	$1,752	$2,253
Renters	$41,979	$3,498	$979	$1,259

A good way to judge both the affordability of the housing and the cost of living in Clay is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Clay has a median income of about $75,078 for people who own homes. Based on that number, a maximum of $1,752 should be spent on expenses related to housing. Renters have a slightly different median income, which is $41,979. Based on this average, renters should spend no more than $979 on all rental costs if they want to maintain a non-impoverished standard of living.

Alabama Sales Tax

State	General Sales Tax	With Max Surtax
Alabama	4%	13.5%

Alabama Income Tax

State	Income Tax (Low)	Income Tax (High)
Alabama	2%	5%

Goods & Services

Item	Clay	National avg.	Difference
Haircut	$20.07	$24.26	17.3%
Beauty Salon	$45.74	$45.56	0.4%
Toothpaste	$3.76	$3.70	1.6%
Shampoo	$1.33	$1.28	4.1%
Movie	$12.54	$12.13	3.3%
Bowling	$16.37	$18.00	9.1%

Groceries

Item	Clay	National avg.	Difference
Ground Beef	$6.01	$5.84	3.0%
Fried Chicken	$1.66	$1.57	5.5%
Milk	$4.54	$4.67	2.9%
Potatoes	$5.23	$4.93	6.0%
Pizza	$10.99	$12.09	9.1%
Beer	$10.40	$10.41	0.1%

Health Care

Item	Clay	National avg.	Difference
Optometrist	$92.33	$125.68	26.5%
Doctor	$101.83	$135.78	25.0%
Dentist	$125.78	$113.29	11.0%
Ibuprofen	$10.28	$10.65	3.5%
Lipitor	$460.79	$468.60	1.7%

Housing

Item	Clay	National avg.	Difference
Home Price	$156,300.00	$184,700.00	15.4%
Avg. Mortgage Payment	$1,935.73	$2,346.69	17.5%
Apartment Rent	$1,145.00	$949.00	20.7%

Transportation

Item	Clay	National avg.	Difference
Gasoline	$3.13	$3.46	9.7%
Tire Balancing	$54.52	$59.92	9.0%

Utilities

Item	Clay	National avg.	Difference
All Electricity	$219.40	$193.99	13.1%
Phone	$188.55	$192.25	1.9%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Trafford, AL	530	85	15.4%
Tarrant, AL	6,216	86	14.3%
County Line, AL	297	86	14.2%
Warrior, AL	3,197	86	13.9%
Birmingham, AL	210,928	88	12.3%
Clay, AL	9,936	97	3.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Box Elder, SD	9,937	99	0.5%
Gages Lake, IL	9,939	114	14.3%
Queens, NS	9,932	n/a
Fort Salonga, NY	9,930	179	78.8%
Astoria, OR	9,929	118	18.4%
Clay, AL	9,936	97	3.0%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Clay, AL