Hoover 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.
IndexHooverAlabamaNational
Cost of living index10889100
IndexHooverAlabamaNational
Goods & Services index9998100
Groceries index10298100
Health care index8185100
Housing index13673100
Transportation index8992100
Utilities index9399100
An overview of the general cost of living index for Hoover, AL is displayed above for your reference. Residents in Hoover, AL enjoy a cost of living index of 108. This index is 21% higher than the Alabama average, and 8% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Hoover, AL, the average cost of goods and services is 1% higher than it is in Alabama, and it is 1% lower than the national average.

Did you know?

  • The cost of living in Hoover is 21% higher than the Alabama average.
  • The cost of living in Hoover is 8% higher than the national average.
  • The cost of housing in Hoover is 36% 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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Cost of living index
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Groceries index
Health care index
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The salary calculator is meant to help you compare your salary in Hoover, AL to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Hoover, AL, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Hoover, AL salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$100,490$8,374$2,345$3,015
Renters$43,949$3,662$1,025$1,319
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Hoover, 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 Hoover, AL homeowners, is $100,490. This would allow for a maximum of $2,345 per month to be spent on housing costs. For renters, the median monthly income is $43,949 which would result in a maximum of $1,025 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 considering the overall cost of living expenses in Hoover, AL, it's important to take into account the sales tax for Alabama, as well as the rate for income tax in Alabama. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Alabama is 10%, and the sales tax in the state of Alabama is 4%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Alabama starts from 2% and goes up to 5%.

Goods & Services

ItemHooverNational 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%

Groceries

ItemHooverNational 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

ItemHooverNational 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%

Housing

ItemHooverNational avg.Difference
Home Price $260,700.00$175,700.0048.4%
Avg. Mortgage Payment $846.13$1,081.0321.7%
Apartment Rent $977.00$920.006.2%

Transportation

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

Utilities

ItemHooverNational 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.
McDonald Chapel, AL51478-22%
Lipscomb, AL2,33180-20%
Mulga, AL95280-20%
Brantleyville, AL94180-20%
Brighton, AL2,91881-19%
Hoover, AL82,8491088%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Champaign, IL82,84894-6%
Danbury, CT82,78113333%
Sioux City, IA82,71984-16%
Indio, CA82,53911111%
Westland, MI83,18886-14%
Hoover, AL82,8491088%
Source: The Hoover, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.