Chickasaw 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.
IndexChickasawAlabamaNational
Cost of living index8789100
IndexChickasawAlabamaNational
Goods & Services index9896100
Groceries index10097100
Health care index9487100
Housing index5773100
Transportation index9592100
Utilities index115104100
Displayed above is a general overview of the Chickasaw, AL cost of living index. The overall cost of living index in Chickasaw, AL is 87, which is 2% lower than the Alabama average and 13% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Chickasaw, AL are 2% higher than the Alabama average and 2% lower than the national average.

Did you know?

  • The cost of living in Chickasaw is 2% lower than the Alabama average.
  • The cost of living in Chickasaw is 13% lower than the national average.
  • The cost of housing in Chickasaw is 43% 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 Chickasaw, AL Cost of living To Other Cities

Salary Calculator

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The salary calculator is meant to help you compare your salary in Chickasaw, AL to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Chickasaw, AL, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Chickasaw, AL salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$44,676$3,723$1,042$1,340
Renters$17,962$1,497$419$539
The affordability of the housing market in Chickasaw, 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 Chickasaw, AL homeowners, the median income is $44,676. This indicates that a monthly maximum of $1,042 should be spent by homeowners on all housing related costs. Renters have a median income of $17,962. This indicates that renters should have a maximum of $419 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%
One thing to keep in mind when considering the cost of living in Chickasaw, AL is the Alabama sales tax and Alabama income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Alabama sales tax rate is 4% and the maximum surtax that can be charged is 10%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Alabama income tax rates range from 2% to 5%.

Goods & Services

ItemChickasawNational 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

ItemChickasawNational 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

ItemChickasawNational 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

ItemChickasawNational avg.Difference
Home Price $81,600.00$175,700.0053.6%
Avg. Mortgage Payment $810.71$1,133.2328.5%
Apartment Rent $747.00$920.0018.8%

Transportation

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

Utilities

ItemChickasawNational 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.
Chunchula, AL15374-26%
Prichard, AL22,47585-15%
Tillmans Corner, AL19,10591-9%
Axis, AL1,02091-9%
Mobile, AL194,94292-8%
Chickasaw, AL6,02687-13%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Alpine, TX6,02685-15%
Silver Lake, NC6,02499-1%
Ranchettes, WY6,02811919%
Estes Park, CO6,02211818%
Contra Costa Centre, CA6,03115151%
Chickasaw, AL6,02687-13%
Source: The Chickasaw, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.