Myrtlewood 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.
IndexMyrtlewoodAlabamaNational
Cost of living index8089100
IndexMyrtlewoodAlabamaNational
Goods & Services index9596100
Groceries index9697100
Health care index8286100
Housing index4572100
Transportation index9391100
Utilities index107108100

Did you know?

  • The cost of living in Myrtlewood is 10% lower than the Alabama average.
  • The cost of living in Myrtlewood is 20% lower than the national average.
  • The cost of housing in Myrtlewood is 55% 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 Myrtlewood, AL Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$46,250$3,854$1,079$1,388
Renters$26,750$2,229$624$803

Alabama Sales Tax

StateGeneral Sales TaxWith Max Surtax
Alabama4%13.5%

Alabama Income Tax

StateIncome Tax (Low)Income Tax (High)
Alabama2%5%

Goods & Services

ItemMyrtlewoodNational avg.Difference
Haircut $15.20$16.095.5%
Beauty Salon $37.73$37.331.1%
Toothpaste $2.05$2.4516.2%
Shampoo $0.94$1.005.7%
Movie $8.40$10.2818.3%
Bowling $4.32$4.9312.4%

Groceries

ItemMyrtlewoodNational avg.Difference
Ground Beef $3.50$3.807.9%
Fried Chicken $1.32$1.405.5%
Milk $2.19$2.019.1%
Potatoes $3.07$3.012.0%
Pizza $8.99$9.899.1%
Beer $9.06$8.901.8%

Health Care

ItemMyrtlewoodNational avg.Difference
Optometrist $78.77$102.1622.9%
Doctor $82.52$108.3623.8%
Dentist $63.22$92.5331.7%
Ibuprofen $10.47$9.2812.9%
Lipitor $438.40$425.823.0%

Housing

ItemMyrtlewoodNational avg.Difference
Home Price $82,500.00$184,700.0055.3%
Avg. Mortgage Payment $1,036.16$1,202.4413.8%
Apartment Rent $0.00$949.00100.0%

Transportation

ItemMyrtlewoodNational avg.Difference
Gasoline $2.01$2.2410.4%
Tire Balancing $46.64$46.290.8%

Utilities

ItemMyrtlewoodNational avg.Difference
All Electricity$183.20$165.9610.4%
Phone $29.99$28.684.6%
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.
Nanafalia, AL4187-13%
Bellamy, AL68173-27%
Pennington, AL21676-24%
Linden, AL2,29283-17%
Providence, AL23086-14%
Myrtlewood, AL13580-20%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Brooksburg, IN13588-12%
Hudson, KS13575-25%
Oaks, MO1351055%
Floyd, NM13579-21%
Country Life Acres, MO135325225%
Myrtlewood, AL13580-20%
Source: The Myrtlewood, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.