Center Point 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.
IndexCenter PointAlabamaNational
Cost of living index8889100
IndexCenter PointAlabamaNational
Goods & Services index9998100
Groceries index10298100
Health care index8185100
Housing index6973100
Transportation index8992100
Utilities index9399100
An overview of the general cost of living index for Center Point, AL is displayed above for your reference. Residents in Center Point, AL enjoy a cost of living index of 88. This index is 1% lower than the Alabama average, and 12% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Center Point, AL, the average cost of goods and services is 1% higher than it is in Alabama, and it is 1% lower than the national average.

Did you know?

  • The cost of living in Center Point is 1% lower than the Alabama average.
  • The cost of living in Center Point is 12% lower than the national average.
  • The cost of housing in Center Point is 31% 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 Center Point, AL Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Center Point, 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 Center Point, AL, then you would need to earn more income in order to maintain the same standard of living. To use the Center Point, 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$54,440$4,537$1,270$1,633
Renters$20,807$1,734$485$624
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Center Point, AL as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Center Point, AL homeowners, is $54,440. This would allow for a maximum of $1,270 per month to be spent on housing costs. For renters, the median monthly income is $20,807 which would result in a maximum of $485 to be spent on rental costs.

Alabama Sales Tax

StateGeneral Sales TaxWith Max Surtax
Alabama4%10%

Alabama Income Tax

StateIncome Tax (Low)Income Tax (High)
Alabama2%5%
When assessing the complete cost of living in Center Point, AL, the Alabama income tax and the Alabama sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Alabama maximum surtax is 10%, and the Alabama sales tax is 4%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 2% to 5% in Alabama.

Goods & Services

ItemCenter PointNational avg.Difference
Haircut $14.50$14.590.6%
Beauty Salon $29.50$34.6814.9%
Toothpaste $2.49$2.470.7%
Shampoo $0.92$1.0210.0%
Movie $10.06$9.871.9%
Bowling $4.65$4.395.9%

Groceries

ItemCenter PointNational avg.Difference
Ground Beef $4.47$4.480.2%
Fried Chicken $1.34$1.468.5%
Milk $2.29$2.362.8%
Potatoes $4.38$3.0643.1%
Pizza $10.00$9.248.2%
Beer $7.93$8.638.1%

Health Care

ItemCenter PointNational avg.Difference
Optometrist $109.33$99.789.6%
Doctor $86.00$105.0318.1%
Dentist $65.67$88.7026.0%
Ibuprofen $7.69$9.4118.3%
Lipitor $247.00$298.5017.3%

Housing

ItemCenter PointNational avg.Difference
Home Price $107,300.00$175,700.0038.9%
Avg. Mortgage Payment $846.13$1,081.0321.7%
Apartment Rent $816.00$920.0011.3%

Transportation

ItemCenter PointNational avg.Difference
Gasoline $1.90$2.098.9%
Tire Balancing $37.90$45.2916.3%

Utilities

ItemCenter PointNational avg.Difference
All Electricity$166.92$170.802.3%
Phone $24.33$28.2613.9%
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, StatePopulationCost of Living IndexNational Avg.
Cardiff, AL2175-25%
Mount Olive, AL35876-24%
McDonald Chapel, AL51478-22%
Trafford, AL65279-21%
County Line, AL27680-20%
Center Point, AL16,87688-12%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Kapolei, HI16,89017373%
Santa Fe Springs, CA16,85913030%
Bon Air, VA16,8571066%
Hinsdale, IL16,89818585%
El Segundo, CA16,83918282%
Center Point, AL16,87688-12%
Source: The Center Point, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.