Meadowbrook 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.
IndexMeadowbrookAlabamaNational
Cost of living index10889100
IndexMeadowbrookAlabamaNational
Goods & Services index8996100
Groceries index9897100
Health care index8787100
Housing index14373100
Transportation index9192100
Utilities index101104100
A general overview of the cost of living index for Meadowbrook, AL is displayed above. In Meadowbrook, AL, the overall cost of living index is 108, which is 20% higher than the Alabama average and 8% higher 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 Meadowbrook, AL, the city's goods and services are 8% lower than the Alabama average and 11% lower than the U.S. average.

Did you know?

  • The cost of living in Meadowbrook is 20% higher than the Alabama average.
  • The cost of living in Meadowbrook is 8% higher than the national average.
  • The cost of housing in Meadowbrook is 43% 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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Compare Meadowbrook, AL Cost of living To Other Cities

Salary Calculator

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Health care index
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The salary calculator is used in order to provide a comparison of your current salary in Meadowbrook, AL to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Meadowbrook, AL, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Meadowbrook, AL salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$108,991$9,083$2,543$3,270
Renters$43,443$3,620$1,014$1,303
One can approximate the cost of living and the housing affordability in Meadowbrook, AL by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Meadowbrook, AL have a median income of $108,991. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,543 per month to avoid calamity and poverty. The renters in the city have an income of about $43,443, which would make their monthly maximum allowable rental costs $1,014.

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 Meadowbrook, 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

ItemMeadowbrookNational avg.Difference
Haircut $15.22$15.562.2%
Beauty Salon $31.39$36.1113.1%
Toothpaste $2.41$2.472.4%
Shampoo $0.89$0.967.4%
Movie $10.38$10.132.5%
Bowling $4.79$4.741.2%

Groceries

ItemMeadowbrookNational avg.Difference
Ground Beef $4.21$3.985.6%
Fried Chicken $1.31$1.417.1%
Milk $2.67$2.0629.4%
Potatoes $4.31$2.9844.5%
Pizza $10.00$9.475.6%
Beer $7.57$8.7913.9%

Health Care

ItemMeadowbrookNational avg.Difference
Optometrist $117.45$101.0416.2%
Doctor $94.06$107.4412.5%
Dentist $70.00$90.4222.6%
Ibuprofen $6.86$9.2826.0%
Lipitor $417.02$426.502.2%

Housing

ItemMeadowbrookNational avg.Difference
Home Price $261,500.00$175,700.0048.8%
Avg. Mortgage Payment $830.92$1,133.2326.7%
Apartment Rent $1,198.00$920.0030.2%

Transportation

ItemMeadowbrookNational avg.Difference
Gasoline $1.84$1.997.7%
Tire Balancing $40.67$45.7611.1%

Utilities

ItemMeadowbrookNational avg.Difference
All Electricity$184.28$163.8112.5%
Phone $24.33$28.3914.3%
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, AL51475-25%
Lipscomb, AL2,33177-23%
Sterrett, AL62278-22%
Brantleyville, AL94178-22%
Vandiver, AL1,09078-22%
Meadowbrook, AL8,5501088%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Ladue, MO8,54917474%
Clarendon Hills, IL8,54814545%
Johnstown, NY8,55295-5%
Marianna, FL8,54881-19%
Woodbury, NY8,55319797%
Meadowbrook, AL8,5501088%
Source: The Meadowbrook, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.