Bay Minette cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexBay MinetteAlabamaNational
Cost of living index8989100
IndexBay MinetteAlabamaNational
Goods & Services index9896100
Groceries index10097100
Health care index9487100
Housing index6473100
Transportation index9592100
Utilities index115104100
The above illustration supplies generalized information for the Bay Minette, AL cost of living index. Compared to other cities in Alabama and cities across the country, the cost of living index in Bay Minette, AL is 89, which is equal to the Alabama average and 11% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Bay Minette, AL are 2% higher than the average for Alabama and 2% lower than the rest of the country.

Did you know?

  • The cost of living in Bay Minette is equal to the Alabama average.
  • The cost of living in Bay Minette is 11% lower than the national average.
  • The cost of housing in Bay Minette is 36% lower than the national average.
  • Alabama general sales tax is 21% lower than the national average.
  • Alabama state income tax is 10% lower than the national average.

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Compare Bay Minette, AL Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Bay Minette, AL to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Bay Minette, AL, then you would need to earn more income in order to maintain the same standard of living. To use the Bay Minette, AL salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$46,860$3,905$1,093$1,406
Renters$22,606$1,884$527$678
The affordability of the housing market in Bay Minette, AL as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Bay Minette, AL homeowners, the median income is $46,860. This indicates that a monthly maximum of $1,093 should be spent by homeowners on all housing related costs. Renters have a median income of $22,606. This indicates that renters should have a maximum of $527 used for their rent related monthly costs.

Alabama Sales Tax

StateGeneral Sales TaxWith Max Surtax
Alabama4%10%

Alabama Income Tax

StateIncome Tax (Low)Income Tax (High)
Alabama2%5%
The Alabama sales tax and Alabama income tax rates should definitely be considered when determining the overall cost of living in Bay Minette, AL. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Alabama sales tax is 4% and the maximum surtax is 10%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Alabama income tax rates range from 2% to 5%.

Goods & Services

ItemBay MinetteNational avg.Difference
Haircut $14.32$15.568.0%
Beauty Salon $36.60$36.111.4%
Toothpaste $2.28$2.477.8%
Shampoo $0.97$0.960.4%
Movie $11.58$10.1314.3%
Bowling $4.69$4.741.0%

Groceries

ItemBay MinetteNational avg.Difference
Ground Beef $3.91$3.981.8%
Fried Chicken $1.14$1.4118.7%
Milk $2.39$2.0615.7%
Potatoes $3.47$2.9816.4%
Pizza $8.92$9.475.9%
Beer $8.99$8.792.2%

Health Care

ItemBay MinetteNational avg.Difference
Optometrist $125.50$101.0424.2%
Doctor $91.29$107.4415.0%
Dentist $76.01$90.4215.9%
Ibuprofen $9.98$9.287.5%
Lipitor $452.15$426.506.0%

Housing

ItemBay MinetteNational avg.Difference
Home Price $113,500.00$175,700.0035.4%
Avg. Mortgage Payment $810.71$1,133.2328.5%
Apartment Rent $578.00$920.0037.2%

Transportation

ItemBay MinetteNational avg.Difference
Gasoline $1.86$1.996.5%
Tire Balancing $45.05$45.761.6%

Utilities

ItemBay MinetteNational avg.Difference
All Electricity$189.27$163.8115.5%
Phone $32.97$28.3916.1%
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, StatePopulationCost of Living IndexNational Avg.
Bucks, AL451000%
Movico, AL14980-20%
Mount Vernon, AL1,43586-14%
Axis, AL1,02091-9%
Mobile, AL194,94292-8%
Bay Minette, AL8,68289-11%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Riverside, CT8,682289189%
Mount Pleasant, IA8,68282-18%
Box Elder, SD8,68391-9%
Old Orchard Beach, ME8,6791077%
Morrisville, PA8,68911414%
Bay Minette, AL8,68289-11%
Source: The Bay Minette, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.