Mount Olive 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.
IndexMount OliveAlabamaNational
Cost of living index7689100
IndexMount OliveAlabamaNational
Goods & Services index9998100
Groceries index10298100
Health care index8185100
Housing index3073100
Transportation index8992100
Utilities index9399100
The above illustration supplies generalized information for the Mount Olive, AL cost of living index. Compared to other cities in Alabama and cities across the country, the cost of living index in Mount Olive, AL is 76, which is 15% lower than the Alabama average and 24% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Mount Olive, AL are 1% higher than the average for Alabama and 1% lower than the rest of the country.

Did you know?

  • The cost of living in Mount Olive is 15% lower than the Alabama average.
  • The cost of living in Mount Olive is 24% lower than the national average.
  • The cost of housing in Mount Olive is 70% 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

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator allows you to compare how much your current salary in Mount Olive, AL would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Mount Olive, AL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Mount Olive, AL salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
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 Mount Olive, 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. Mount Olive, AL has a median income of about $32,750 for people who own homes. Based on that number, a person should spend a maximum of $764 on expenses related to housing. Renters have a slightly different median income, which is $0. Based on this average, renters should spend no more than $0 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

Alabama Income Tax

StateIncome Tax (Low)Income Tax (High)
One thing to keep in mind when considering the cost of living in Mount Olive, AL is the Alabama sales tax and Alabama income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Alabama sales tax rate is 4% and the maximum surtax that can be charged is 10%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Alabama income tax rates range from 2% to 5%.

Goods & Services

ItemMount OliveNational 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%


ItemMount OliveNational 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

ItemMount OliveNational 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%


ItemMount OliveNational avg.Difference
Home Price $53,000.00$175,700.0069.8%
Avg. Mortgage Payment $846.13$1,081.0321.7%
Apartment Rent $0.00$920.00100.0%


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


ItemMount OliveNational 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.
Cardiff, AL2175-25%
McDonald Chapel, AL51478-22%
Trafford, AL65279-21%
County Line, AL27680-20%
Mulga, AL95280-20%
Mount Olive, AL35876-24%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Waveland, IN35886-14%
Buffalo, SD35882-18%
Rosa, AL35883-17%
Hartsville, IN35887-13%
Milton Mills, NH35811515%
Mount Olive, AL35876-24%
Source: The Mount Olive, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.