Elba 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.
IndexElbaAlabamaNational
Cost of living index7989100
IndexElbaAlabamaNational
Goods & Services index8798100
Groceries index10198100
Health care index8485100
Housing index5373100
Transportation index9392100
Utilities index8799100
A general summary of the cost of living index in Elba, AL is shown above. Compared to the state average of Alabama the cost of living index in Elba, AL is 79, which is 11% lower than the average in Alabama and compared to the national average it is 21% 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 Elba, AL goods and services come in at 11% lower than the average in Alabama and are 13% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Elba is 11% lower than the Alabama average.
  • The cost of living in Elba is 21% lower than the national average.
  • The cost of housing in Elba is 47% 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 Elba, 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 Elba, 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 Elba, AL, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Elba, 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$44,491$3,708$1,038$1,335
Renters$16,545$1,379$386$496
One can approximate the cost of living and the housing affordability in Elba, AL by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Elba, AL have a median income of $44,491. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,038 per month to avoid calamity and poverty. The renters in the city have an income of about $16,545, which would make their monthly maximum allowable rental costs $386.

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 Elba, 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

ItemElbaNational avg.Difference
Haircut $12.33$14.5915.5%
Beauty Salon $19.07$34.6845.0%
Toothpaste $2.32$2.476.2%
Shampoo $0.95$1.027.0%
Movie $9.88$9.870.1%
Bowling $3.00$4.3931.7%

Groceries

ItemElbaNational avg.Difference
Ground Beef $4.99$4.4811.5%
Fried Chicken $1.42$1.463.0%
Milk $2.68$2.3613.7%
Potatoes $3.32$3.068.4%
Pizza $8.00$9.2413.4%
Beer $7.95$8.637.9%

Health Care

ItemElbaNational avg.Difference
Optometrist $69.00$99.7830.8%
Doctor $70.00$105.0333.4%
Dentist $72.50$88.7018.3%
Ibuprofen $10.15$9.417.8%
Lipitor $308.57$298.503.4%

Housing

ItemElbaNational avg.Difference
Home Price $93,200.00$175,700.0047.0%
Avg. Mortgage Payment $877.13$1,081.0318.9%
Apartment Rent $490.00$920.0046.7%

Transportation

ItemElbaNational avg.Difference
Gasoline $1.99$2.094.7%
Tire Balancing $39.99$45.2911.7%

Utilities

ItemElbaNational avg.Difference
All Electricity$145.28$170.8014.9%
Phone $25.55$28.269.6%
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.
Onycha, AL20776-24%
Kinston, AL56376-24%
Brantley, AL1,01682-18%
Babbie, AL64978-22%
Opp, AL6,67579-21%
Elba, AL3,93579-21%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Pearl River, MS3,93575-25%
Ashburn, GA3,93583-17%
Lake Tansi, TN3,93485-15%
Williamstown, KY3,93288-12%
Westway, TX3,93879-21%
Elba, AL3,93579-21%
Source: The Elba, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.