Highland Lakes 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.
IndexHighland LakesAlabamaNational
Cost of living index12589100
IndexHighland LakesAlabamaNational
Goods & Services index9998100
Groceries index10298100
Health care index8185100
Housing index19373100
Transportation index8992100
Utilities index9399100
Here we can see a simple outline of the cost of living in Highland Lakes, AL. As you can see, with the average cost of living in Highland Lakes, AL being 125, that puts it 40% higher than the average of Alabama and 25% higher 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 Highland Lakes, AL, the price of goods and services are 1% higher than the average of Alabama as well as 1% lower than the nation's average.

Did you know?

  • The cost of living in Highland Lakes is 40% higher than the Alabama average.
  • The cost of living in Highland Lakes is 25% higher than the national average.
  • The cost of housing in Highland Lakes is 93% higher 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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Salary Calculator

This is how much you would need to earn in
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Groceries index
Health care index
Housing index
Transportation index
Utilities index
Use the salary calculator to compare your current income in Highland Lakes, 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 Highland Lakes, AL, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Highland Lakes, 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)
If you want to find a good determining factor for the cost of living and the general affordability of housing in Highland Lakes, AL, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Highland Lakes, AL, the median monthly income is $124,731 for those who own their own homes. Under the standard rule, that income level would allow for $2,910 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $105,139, per the median income in the area. That would allow for renters to spend up to $2,453 on monthly rental expenses.

Alabama Sales Tax

StateGeneral Sales TaxWith Max Surtax

Alabama Income Tax

StateIncome Tax (Low)Income Tax (High)
For those who live in Highland Lakes, AL and want to know what the true cost of living is, they ought to look at both the Alabama income tax rate and the Alabama sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Alabama, the sales tax is 4%, while the most you'll pay in surtax is 10%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Alabama, the income tax rate ranges between 2% to 5%.

Goods & Services

ItemHighland LakesNational avg.Difference
Haircut $14.50$14.590.6%
Beauty Salon $29.50$34.6814.9%
Toothpaste $2.49$2.470.7%
Shampoo $0.92$1.0210.0%
Movie $10.06$9.871.9%
Bowling $4.65$4.395.9%


ItemHighland LakesNational avg.Difference
Ground Beef $4.47$4.480.2%
Fried Chicken $1.34$1.468.5%
Milk $2.29$2.362.8%
Potatoes $4.38$3.0643.1%
Pizza $10.00$9.248.2%
Beer $7.93$8.638.1%

Health Care

ItemHighland LakesNational avg.Difference
Optometrist $109.33$99.789.6%
Doctor $86.00$105.0318.1%
Dentist $65.67$88.7026.0%
Ibuprofen $7.69$9.4118.3%
Lipitor $247.00$298.5017.3%


ItemHighland LakesNational avg.Difference
Home Price $403,800.00$175,700.00129.8%
Avg. Mortgage Payment $846.13$1,081.0321.7%
Apartment Rent $989.00$920.007.5%


ItemHighland LakesNational avg.Difference
Gasoline $1.90$2.098.9%
Tire Balancing $37.90$45.2916.3%


ItemHighland LakesNational avg.Difference
All Electricity$166.92$170.802.3%
Phone $24.33$28.2613.9%
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.
Sterrett, AL62280-20%
Brantleyville, AL94180-20%
Vandiver, AL1,09080-20%
Tarrant, AL6,33182-18%
Birmingham, AL211,70585-15%
Highland Lakes, AL4,67912525%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Lake San Marcos, CA4,67914444%
Jonesboro, LA4,68078-22%
Harrisburg, SD4,67897-3%
Offutt AFB, NE4,6781022%
Colville, WA4,68190-10%
Highland Lakes, AL4,67912525%
Source: The Highland Lakes, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.