Cost of Living in Montevallo, AL

Get crime, demographics and other data for any address in Montevallo, AL
A
7%
Overall NAT. AVG.
2%
Goods & Services NAT. AVG.
17%
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 Montevallo Alabama National
Cost of living9388100
Goods & Services9896100
Groceries9796100
Health care9487100
Housing8372100
Transportation9191100
Utilities108102100
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Cost Of Living Quick Facts

  • The cost of living in Montevallo is 6% higher than the Alabama average
  • The cost of living in Montevallo is 7% lower than the national average
  • Montevallo housing is 17% 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 Montevallo

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Compare Montevallo, 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$52,461$4,372$1,224$1,574
          Renters$24,028$2,002$561$721
          The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Montevallo, AL, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Montevallo, homeowners have a median income of $52,461. Using that number, a maximum of $1,224 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $24,028, which means there is a maximum of $561 to be spent on the costs of renting a home or apartment.

          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 Montevallo 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 Montevallo 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 Montevallo 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 Montevallo National avg. Difference
          Home Price $158,200.00$184,700.0014.3%
          Avg. Mortgage Payment $1,935.73$2,346.6917.5%
          Apartment Rent $731.00$949.0023.0%

          Transportation

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

          Utilities

          Item Montevallo 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%
          Wilton, AL8138613.6%
          Jemison, AL2,6588812.0%
          Thorsby, AL2,1228911.3%
          Columbiana, AL4,602919.2%
          Montevallo, AL6,829936.7%

          Cities with similar population

          City Population Cost of Living Index National Avg.
          Louiseville, QC6,831n/a 
          Potomac Mills, VA6,82613939.0%
          Hope, BC6,832n/a 
          Bangor Base, WA6,82513737.1%
          Mira Monte, CA6,83316867.7%
          Montevallo, AL6,829936.7%
          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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