Greenville 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.
IndexGreenvilleAlabamaNational
Cost of living index8589100
IndexGreenvilleAlabamaNational
Goods & Services index9396100
Groceries index9697100
Health care index8287100
Housing index6073100
Transportation index9492100
Utilities index109104100
A general summary of the cost of living index in Greenville, AL is shown above. Compared to the state average of Alabama the cost of living index in Greenville, AL is 85, which is 5% lower than the average in Alabama and compared to the national average it is 15% 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 Greenville, AL goods and services come in at 3% lower than the average in Alabama and are 7% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Greenville is 5% lower than the Alabama average.
  • The cost of living in Greenville is 15% lower than the national average.
  • The cost of housing in Greenville is 40% 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.

Find Real Estate Listings In Greenville

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Greenville

Compare Greenville, AL Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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 income in Greenville, AL to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Greenville, AL, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Greenville, AL salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$49,716$4,143$1,160$1,492
Renters$17,138$1,428$400$514
The affordability of the housing market in Greenville, 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 Greenville, AL homeowners, the median income is $49,716. This indicates that a monthly maximum of $1,160 should be spent by homeowners on all housing related costs. Renters have a median income of $17,138. This indicates that renters should have a maximum of $400 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%
The Alabama sales tax and Alabama income tax rates should definitely be considered when determining the overall cost of living in Greenville, 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

ItemGreenvilleNational avg.Difference
Haircut $15.00$15.563.6%
Beauty Salon $35.53$36.111.6%
Toothpaste $2.06$2.4716.5%
Shampoo $0.96$0.960.9%
Movie $8.42$10.1316.9%
Bowling $4.22$4.7410.9%

Groceries

ItemGreenvilleNational avg.Difference
Ground Beef $3.90$3.982.2%
Fried Chicken $1.39$1.411.5%
Milk $2.32$2.0612.6%
Potatoes $2.86$2.984.2%
Pizza $8.49$9.4710.3%
Beer $8.86$8.790.8%

Health Care

ItemGreenvilleNational avg.Difference
Optometrist $78.60$101.0422.2%
Doctor $74.74$107.4430.4%
Dentist $65.48$90.4227.6%
Ibuprofen $10.22$9.2810.1%
Lipitor $440.71$426.503.3%

Housing

ItemGreenvilleNational avg.Difference
Home Price $103,300.00$175,700.0041.2%
Avg. Mortgage Payment $964.02$1,133.2314.9%
Apartment Rent $563.00$920.0038.8%

Transportation

ItemGreenvilleNational avg.Difference
Gasoline $1.79$1.9910.0%
Tire Balancing $47.11$45.762.9%

Utilities

ItemGreenvilleNational avg.Difference
All Electricity$183.78$163.8112.2%
Phone $29.99$28.395.6%
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.
Georgiana, AL1,61979-21%
Fort Deposit, AL1,36680-20%
Greenville, AL7,97485-15%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Warrenton, MO7,97491-9%
Independent Hill, VA7,97314545%
Williamsburg, FL7,97398-2%
Black Mountain, NC7,97796-4%
Lincoln City, OR7,97711111%
Greenville, AL7,97485-15%
Source: The Greenville, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.