Clay 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.
IndexClayAlabamaNational
Cost of living index9689100
IndexClayAlabamaNational
Goods & Services index9998100
Groceries index10298100
Health care index8185100
Housing index9573100
Transportation index8992100
Utilities index9399100
A general summary of the cost of living index in Clay, AL is shown above. Compared to the state average of Alabama the cost of living index in Clay, AL is 96, which is 7% higher than the average in Alabama and compared to the national average it is 4% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Clay, AL goods and services come in at 1% higher than the average in Alabama and are 1% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Clay is 7% higher than the Alabama average.
  • The cost of living in Clay is 4% lower than the national average.
  • The cost of housing in Clay is 5% 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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Salary Calculator

This is how much you would need to earn in
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Groceries index
Health care index
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The salary calculator is meant to help you compare your salary in Clay, 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 Clay, AL, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Clay, 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$71,534$5,961$1,669$2,146
Renters$32,386$2,699$756$972
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Clay, AL, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Clay, AL has a median income of about $71,534 for people who own homes. Based on that number, a person should spend a maximum of $1,669 on expenses related to housing. Renters have a slightly different median income, which is $32,386. Based on this average, renters should spend no more than $756 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Alabama Sales Tax

StateGeneral Sales TaxWith Max Surtax
Alabama4%10%

Alabama Income Tax

StateIncome Tax (Low)Income Tax (High)
Alabama2%5%
When you are determining the total cost of living in Clay, AL you will want to make sure you consider both the Alabama sales tax and the Alabama income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Alabama is 4%, with the highest surtax being 10%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Alabama have a range from 2% to 5%.

Goods & Services

ItemClayNational 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

ItemClayNational 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

ItemClayNational 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

ItemClayNational avg.Difference
Home Price $159,300.00$175,700.009.3%
Avg. Mortgage Payment $846.13$1,081.0321.7%
Apartment Rent $961.00$920.004.5%

Transportation

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

Utilities

ItemClayNational 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.
Trafford, AL65279-21%
County Line, AL27680-20%
Allgood, AL60781-19%
Tarrant, AL6,33182-18%
Warrior, AL3,19182-18%
Clay, AL9,69996-4%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Arden Hills, MN9,70011919%
Santaquin, UT9,6941022%
Brookdale, NJ9,70613333%
Berlin, NH9,71096-4%
Cody, WY9,68798-2%
Clay, AL9,69996-4%
Source: The Clay, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.