Cost of Living in Clay, AL

Get crime, demographics and other data for any address in Clay, AL
A-
3%
Overall NAT. AVG.
2%
Goods & Services NAT. AVG.
5%
Housing NAT. AVG.
Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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 living9788100
Goods & Services9896100
Groceries9796100
Health care9487100
Housing9572100
Transportation9191100
Utilities108102100
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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

Most Affordable Places to Live in and Around Clay

50 km
30 mi
+−
Clay Your current location Population: 9,936 A- Trafford City: 11.6mi / 18.7km away Population: 530 A+ Tarrant City: 11.3mi / 18.1km away Population: 6,216 A+ County Line City: 10.7mi / 17.2km away Population: 297 A+ Center Point City: 5.7mi / 9.2km away Population: 15,971 A+ Grayson Valley City: 3.9mi / 6.3km away Population: 5,808 A+ Pinson City: 3.6mi / 5.7km away Population: 7,108 A Moody City: 9.2mi / 14.8km away Population: 13,004 A- Argo City: 6.0mi / 9.7km away Population: 4,294 B+ Margaret City: 8.5mi / 13.6km away Population: 4,905 B Springville City: 9.5mi / 15.3km away Population: 4,430 B- Trussville City: 5.3mi / 8.5km away Population: 22,590 C-
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Compare Clay, AL Cost of Living

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      Salary Calculator

          This is how much you would need to earn in
          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$24.2617.3%
          Beauty Salon $45.74$45.560.4%
          Toothpaste $3.76$3.701.6%
          Shampoo $1.33$1.284.1%
          Movie $12.54$12.133.3%
          Bowling $16.37$18.009.1%

          Groceries

          Item Clay National avg. Difference
          Ground Beef $6.01$5.843.0%
          Fried Chicken $1.66$1.575.5%
          Milk $4.54$4.672.9%
          Potatoes $5.23$4.936.0%
          Pizza $10.99$12.099.1%
          Beer $10.40$10.410.1%

          Health Care

          Item Clay National avg. Difference
          Optometrist $92.33$125.6826.5%
          Doctor $101.83$135.7825.0%
          Dentist $125.78$113.2911.0%
          Ibuprofen $10.28$10.653.5%
          Lipitor $460.79$468.601.7%

          Housing

          Item Clay National avg. Difference
          Home Price $156,300.00$184,700.0015.4%
          Avg. Mortgage Payment $1,935.73$2,346.6917.5%
          Apartment Rent $1,145.00$949.0020.7%

          Transportation

          Item Clay National avg. Difference
          Gasoline $3.13$3.469.7%
          Tire Balancing $54.52$59.929.0%

          Utilities

          Item Clay National avg. Difference
          All Electricity $219.40$193.9913.1%
          Phone $188.55$192.251.9%
          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, AL5308515.4%
          Tarrant, AL6,2168614.3%
          County Line, AL2978614.2%
          Warrior, AL3,1978613.9%
          Birmingham, AL210,9288812.3%
          Clay, AL9,936973.0%

          Cities with similar population

          City Population Cost of Living Index National Avg.
          Box Elder, SD9,937990.5%
          Gages Lake, IL9,93911414.3%
          Queens, NS9,932n/a 
          Fort Salonga, NY9,93017978.8%
          Astoria, OR9,92911818.4%
          Clay, AL9,936973.0%
          Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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