Jasper 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.
IndexJasperAlabamaNational
Cost of living index9089100
IndexJasperAlabamaNational
Goods & Services index9998100
Groceries index10298100
Health care index8185100
Housing index7773100
Transportation index8992100
Utilities index9399100
A general overview of the cost of living index for Jasper, AL is displayed above. In Jasper, AL, the overall cost of living index is 90, which is 1% higher than the Alabama average and 10% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Jasper, AL, the city's goods and services are 1% higher than the Alabama average and 1% lower than the U.S. average.

Did you know?

  • The cost of living in Jasper is 1% higher than the Alabama average.
  • The cost of living in Jasper is 10% lower than the national average.
  • The cost of housing in Jasper is 23% 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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Salary Calculator

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Use the salary calculator to compare your current income in Jasper, 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 Jasper, AL, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Jasper, 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$54,892$4,574$1,281$1,647
Renters$19,770$1,648$461$593
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 Jasper, 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. Jasper, AL has a median income of about $54,892 for people who own homes. Based on that number, a person should spend a maximum of $1,281 on expenses related to housing. Renters have a slightly different median income, which is $19,770. Based on this average, renters should spend no more than $461 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%
For those who live in Jasper, 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

ItemJasperNational 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

ItemJasperNational 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

ItemJasperNational 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

ItemJasperNational avg.Difference
Home Price $141,900.00$175,700.0019.2%
Avg. Mortgage Payment $846.13$1,081.0321.7%
Apartment Rent $613.00$920.0033.4%

Transportation

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

Utilities

ItemJasperNational 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.
Cordova, AL1,94478-22%
Carbon Hill, AL2,03078-22%
Oakman, AL77178-22%
Parrish, AL95480-20%
Nauvoo, AL14280-20%
Jasper, AL14,24790-10%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
New Franklin, OH14,24594-6%
Reidsville, NC14,24993-7%
Hartford, WI14,25199-1%
Clemson, SC14,25497-3%
Miami Springs, FL14,25511818%
Jasper, AL14,24790-10%
Source: The Jasper, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.