Cost of Living in Lake View, AL

C
2%
Overall NAT. AVG.
2%
Goods & Services NAT. AVG.
12%
Housing NAT. AVG.
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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 Lake View Alabama National
Cost of living10288100
Goods & Services9896100
Groceries9796100
Health care9487100
Housing11272100
Transportation9191100
Utilities108102100
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Cost Of Living Quick Facts

  • The cost of living in Lake View is 15% higher than the Alabama average
  • The cost of living in Lake View is 2% higher than the national average
  • Lake View housing is 12% higher 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 Lake View

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Compare Lake View, AL Cost of Living

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      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$81,726$6,811$1,907$2,452
      Renters$61,641$5,137$1,438$1,849

      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 Lake View 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 Lake View 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 Lake View 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 Lake View National avg. Difference
      Home Price $215,100.00$184,700.0016.5%
      Avg. Mortgage Payment $1,935.73$2,346.6917.5%
      Apartment Rent $966.00$949.001.8%

      Transportation

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

      Utilities

      Item Lake View 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.
      Brantleyville, AL8107722.6%
      Brighton, AL2,8738317.4%
      North Johns, AL1528317.4%
      Lipscomb, AL2,0558416.3%
      Midfield, AL4,9848614.3%
      Lake View, AL2,5691022.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Dade City North, FL2,5698217.8%
      Horseheads North, NY2,5691021.6%
      Imperial, PA2,569990.7%
      Cochrane, Unorganized, North Part, ON2,569n/a 
      Anmore, BC2,569n/a 
      Lake View, AL2,5691022.0%
      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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