Geneva, AL Cost Of Living

Geneva 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.
Index	Geneva	Alabama	National
Cost of living index	81	89	100
Index	Geneva	Alabama	National
Goods & Services index	91	96	100
Groceries index	99	97	100
Health care index	87	86	100
Housing index	51	72	100
Transportation index	88	91	100
Utilities index	107	108	100

Here we can see a simple outline of the cost of living in Geneva, AL. As you can see, with the average cost of living in Geneva, AL being 81, that puts it 9% lower than the average of Alabama and 19% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Geneva, AL, the price of goods and services are 6% lower than the average of Alabama as well as 9% lower than the nation's average.

Did you know?

The cost of living in Geneva is 9% lower than the Alabama average.
The cost of living in Geneva is 19% lower than the national average.
The cost of housing in Geneva is 49% 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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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Use the salary calculator to compare your current salary in Geneva, 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 Geneva, AL, then you would need to earn more income in order to maintain the same standard of living. To use the Geneva, 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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$43,583	$3,632	$1,017	$1,308
Renters	$21,940	$1,828	$512	$658

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Geneva, 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 Geneva, AL homeowners, is $43,583. This would allow for a maximum of $1,017 per month to be spent on housing costs. For renters, the median monthly income is $21,940 which would result in a maximum of $512 to be spent on rental costs.

Alabama Sales Tax

State	General Sales Tax	With Max Surtax
Alabama	4%	13.5%

Alabama Income Tax

State	Income Tax (Low)	Income Tax (High)
Alabama	2%	5%

When you are determining the total cost of living in Geneva, 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 13.5%. 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

Item	Geneva	National avg.	Difference
Haircut	$12.08	$16.09	24.9%
Beauty Salon	$21.51	$37.33	42.4%
Toothpaste	$1.75	$2.45	28.3%
Shampoo	$0.93	$1.00	7.1%
Movie	$7.94	$10.28	22.8%
Bowling	$4.23	$4.93	14.2%

Groceries

Item	Geneva	National avg.	Difference
Ground Beef	$3.70	$3.80	2.7%
Fried Chicken	$1.51	$1.40	8.4%
Milk	$2.16	$2.01	7.8%
Potatoes	$3.05	$3.01	1.3%
Pizza	$10.00	$9.89	1.2%
Beer	$8.77	$8.90	1.5%

Health Care

Item	Geneva	National avg.	Difference
Optometrist	$75.02	$102.16	26.6%
Doctor	$87.01	$108.36	19.7%
Dentist	$66.84	$92.53	27.8%
Ibuprofen	$12.82	$9.28	38.2%
Lipitor	$450.67	$425.82	5.8%

Housing

Item	Geneva	National avg.	Difference
Home Price	$87,800.00	$184,700.00	52.5%
Avg. Mortgage Payment	$858.21	$1,202.44	28.6%
Apartment Rent	$566.00	$949.00	40.4%

Transportation

Item	Geneva	National avg.	Difference
Gasoline	$2.01	$2.24	10.2%
Tire Balancing	$38.58	$46.29	16.7%

Utilities

Item	Geneva	National avg.	Difference
All Electricity	$141.42	$165.96	14.8%
Phone	$38.17	$28.68	33.1%

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, State	Population	Cost of Living Index	National Avg.
Samson, AL	2,120	77	-23%
Eunola, AL	362	79	-21%
Black, AL	167	80	-20%
Hartford, AL	2,641	80	-20%
Clayhatchee, AL	483	80	-20%
Geneva, AL	4,456	81	-19%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Elberton, GA	4,456	84	-16%
Hayfield, VA	4,453	156	56%
Aurora, NE	4,459	84	-16%
Hearne, TX	4,453	80	-20%
Middletown, MD	4,460	134	34%
Geneva, AL	4,456	81	-19%

Source: The Geneva, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Geneva, AL Cost of Living