Guntersville 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.
IndexGuntersvilleAlabamaNational
Cost of living index9489100
IndexGuntersvilleAlabamaNational
Goods & Services index10398100
Groceries index9598100
Health care index9685100
Housing index7873100
Transportation index9892100
Utilities index10699100
The above illustration supplies generalized information for the Guntersville, AL cost of living index. Compared to other cities in Alabama and cities across the country, the cost of living index in Guntersville, AL is 94, which is 5% higher than the Alabama average and 6% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Guntersville, AL are 6% higher than the average for Alabama and 3% higher than the rest of the country.

Did you know?

  • The cost of living in Guntersville is 5% higher than the Alabama average.
  • The cost of living in Guntersville is 6% lower than the national average.
  • The cost of housing in Guntersville is 22% 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 Guntersville

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Guntersville

Compare Guntersville, 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
The salary calculator allows you to compare how much your current salary in Guntersville, AL would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Guntersville, AL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Guntersville, AL salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$55,981$4,665$1,306$1,680
Renters$17,220$1,435$402$517
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 Guntersville, 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. Guntersville, AL has a median income of about $55,981 for people who own homes. Based on that number, a person should spend a maximum of $1,306 on expenses related to housing. Renters have a slightly different median income, which is $17,220. Based on this average, renters should spend no more than $402 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%
One thing to keep in mind when considering the cost of living in Guntersville, AL is the Alabama sales tax and Alabama income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Alabama sales tax rate is 4% and the maximum surtax that can be charged is 10%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Alabama income tax rates range from 2% to 5%.

Goods & Services

ItemGuntersvilleNational avg.Difference
Haircut $14.20$14.592.7%
Beauty Salon $30.40$34.6812.3%
Toothpaste $2.18$2.4711.9%
Shampoo $0.87$1.0214.9%
Movie $9.42$9.874.5%
Bowling $3.70$4.3915.8%

Groceries

ItemGuntersvilleNational avg.Difference
Ground Beef $5.86$4.4830.9%
Fried Chicken $1.11$1.4624.2%
Milk $2.23$2.365.4%
Potatoes $3.26$3.066.5%
Pizza $9.99$9.248.1%
Beer $8.15$8.635.6%

Health Care

ItemGuntersvilleNational avg.Difference
Optometrist $109.40$99.789.6%
Doctor $82.50$105.0321.5%
Dentist $90.50$88.702.0%
Ibuprofen $8.10$9.4113.9%
Lipitor $318.55$298.506.7%

Housing

ItemGuntersvilleNational avg.Difference
Home Price $154,000.00$175,700.0012.4%
Avg. Mortgage Payment $781.22$1,081.0327.7%
Apartment Rent $524.00$920.0043.0%

Transportation

ItemGuntersvilleNational avg.Difference
Gasoline $2.00$2.094.4%
Tire Balancing $46.99$45.293.8%

Utilities

ItemGuntersvilleNational avg.Difference
All Electricity$156.81$170.808.2%
Phone $35.51$28.2625.7%
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.
Joppa, AL10385-15%
Douglas, AL99085-15%
Whitesboro, AL1,97982-18%
Langston, AL27088-12%
Boaz, AL9,78183-17%
Guntersville, AL8,31694-6%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Bridgeport, WV8,3161066%
Castle Shannon, PA8,31792-8%
Lake Park, FL8,31797-3%
Nevada, MO8,31881-19%
Bluffdale, UT8,31912525%
Guntersville, AL8,31694-6%
Source: The Guntersville, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.