Foley 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.
IndexFoleyAlabamaNational
Cost of living index9589100
IndexFoleyAlabamaNational
Goods & Services index9698100
Groceries index10398100
Health care index8885100
Housing index8973100
Transportation index9692100
Utilities index10799100
A general overview of the cost of living index for Foley, AL is displayed above. In Foley, AL, the overall cost of living index is 95, which is 7% higher than the Alabama average and 5% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Foley, AL, the city's goods and services are 2% lower than the Alabama average and 5% lower than the U.S. average.

Did you know?

  • The cost of living in Foley is 7% higher than the Alabama average.
  • The cost of living in Foley is 5% lower than the national average.
  • The cost of housing in Foley is 11% 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 Foley, AL Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Foley, AL to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Foley, AL, you have to earn a higher income in order to still have the same standard of living. To operate the Foley, AL salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$53,493$4,458$1,248$1,605
Renters$28,921$2,410$675$868
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Foley, 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 Foley, AL homeowners, is $53,493. This would allow for a maximum of $1,248 per month to be spent on housing costs. For renters, the median monthly income is $28,921 which would result in a maximum of $675 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 you are determining the total cost of living in Foley, 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

ItemFoleyNational avg.Difference
Haircut $13.38$14.598.3%
Beauty Salon $33.88$34.682.3%
Toothpaste $3.04$2.4722.9%
Shampoo $1.04$1.021.8%
Movie $9.75$9.871.2%
Bowling $4.02$4.398.5%

Groceries

ItemFoleyNational avg.Difference
Ground Beef $3.83$4.4814.4%
Fried Chicken $1.47$1.460.4%
Milk $2.61$2.3610.7%
Potatoes $3.72$3.0621.5%
Pizza $8.00$9.2413.4%
Beer $8.82$8.632.2%

Health Care

ItemFoleyNational avg.Difference
Optometrist $94.50$99.785.3%
Doctor $78.60$105.0325.2%
Dentist $79.40$88.7010.5%
Ibuprofen $9.84$9.414.5%
Lipitor $273.56$298.508.4%

Housing

ItemFoleyNational avg.Difference
Home Price $162,800.00$175,700.007.3%
Avg. Mortgage Payment $832.83$1,081.0323.0%
Apartment Rent $746.00$920.0018.9%

Transportation

ItemFoleyNational avg.Difference
Gasoline $1.92$2.098.2%
Tire Balancing $47.96$45.295.9%

Utilities

ItemFoleyNational avg.Difference
All Electricity$188.02$170.8010.1%
Phone $29.01$28.262.7%
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.
Elberta, AL1,47088-12%
Summerdale, AL1,07692-8%
Robertsdale, AL5,55692-8%
Perdido Beach, AL55097-3%
Silverhill, AL68497-3%
Foley, AL15,42895-5%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Williamstown, NJ15,42511515%
New River, AZ15,43211313%
Avocado Heights, CA15,43213535%
Portland, TX15,42095-5%
Glenmont, MD15,41212929%
Foley, AL15,42895-5%
Source: The Foley, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.