Meridianville 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.
IndexMeridianvilleAlabamaNational
Cost of living index9789100
IndexMeridianvilleAlabamaNational
Goods & Services index10496100
Groceries index9597100
Health care index9687100
Housing index8973100
Transportation index9592100
Utilities index103104100
Displayed above is a general overview of the Meridianville, AL cost of living index. The overall cost of living index in Meridianville, AL is 97, which is 9% higher than the Alabama average and 3% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Meridianville, AL are 8% higher than the Alabama average and 4% higher than the national average.

Did you know?

  • The cost of living in Meridianville is 9% higher than the Alabama average.
  • The cost of living in Meridianville is 3% lower than the national average.
  • The cost of housing in Meridianville is 11% 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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Compare Meridianville, AL Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Meridianville, AL to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Meridianville, AL, then you would need to earn more income in order to maintain the same standard of living. To use the Meridianville, AL salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$82,569$6,881$1,926$2,477
Renters$36,675$3,056$856$1,100
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Meridianville, AL, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Meridianville, AL homeowners have a median income of $82,569. Using that number, you will come up with a maximum of $1,926 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $36,675, which means there is a maximum of $856 to be spent on the costs of renting a home or apartment.

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 Meridianville, 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

ItemMeridianvilleNational avg.Difference
Haircut $18.14$15.5616.5%
Beauty Salon $36.16$36.110.1%
Toothpaste $1.86$2.4724.9%
Shampoo $0.85$0.9612.3%
Movie $9.95$10.131.7%
Bowling $4.99$4.745.4%

Groceries

ItemMeridianvilleNational avg.Difference
Ground Beef $4.32$3.988.5%
Fried Chicken $1.24$1.4111.9%
Milk $1.71$2.0617.0%
Potatoes $3.64$2.9822.2%
Pizza $11.66$9.4723.0%
Beer $7.88$8.7910.4%

Health Care

ItemMeridianvilleNational avg.Difference
Optometrist $115.84$101.0414.6%
Doctor $78.89$107.4426.6%
Dentist $94.90$90.425.0%
Ibuprofen $8.10$9.2812.7%
Lipitor $448.58$426.505.2%

Housing

ItemMeridianvilleNational avg.Difference
Home Price $167,700.00$175,700.004.6%
Avg. Mortgage Payment $751.51$1,133.2333.7%
Apartment Rent $695.00$920.0024.5%

Transportation

ItemMeridianvilleNational avg.Difference
Gasoline $1.86$1.996.8%
Tire Balancing $45.62$45.760.3%

Utilities

ItemMeridianvilleNational avg.Difference
All Electricity$147.70$163.819.8%
Phone $34.33$28.3920.9%
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.
Flintville, TN41184-16%
Paint Rock, AL21284-16%
Gurley, AL86088-12%
New Market, AL1,59688-12%
Ardmore, AL1,51191-9%
Meridianville, AL6,07397-3%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Los Ranchos de Albuquerque, NM6,07411919%
Holtville, CA6,06796-4%
Pepper Pike, OH6,07913535%
North Manchester, IN6,08083-17%
Sheridan, OR6,0811033%
Meridianville, AL6,07397-3%
Source: The Meridianville, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.