Pike Road 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.
IndexPike RoadAlabamaNational
Cost of living index10989100
IndexPike RoadAlabamaNational
Goods & Services index9798100
Groceries index9898100
Health care index8185100
Housing index13673100
Transportation index8992100
Utilities index10699100
A general overview of the cost of living index for Pike Road, AL is displayed above. In Pike Road, AL, the overall cost of living index is 109, which is 22% higher than the Alabama average and 9% 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 Pike Road, AL, the city's goods and services are 1% lower than the Alabama average and 3% lower than the U.S. average.

Did you know?

  • The cost of living in Pike Road is 22% higher than the Alabama average.
  • The cost of living in Pike Road is 9% higher than the national average.
  • The cost of housing in Pike Road is 36% 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 Pike Road, AL Cost of living To Other Cities

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
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The salary calculator is used in order to provide a comparison of your current salary in Pike Road, 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 Pike Road, AL, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Pike Road, 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)
If you want to find a good determining factor for the cost of living and the general affordability of housing in Pike Road, AL, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Pike Road, AL, the median monthly income is $98,272 for those who own their own homes. Under the standard rule, that income level would allow for $2,293 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $14,456, per the median income in the area. That would allow for renters to spend up to $337 on monthly rental expenses.

Alabama Sales Tax

StateGeneral Sales TaxWith Max Surtax

Alabama Income Tax

StateIncome Tax (Low)Income Tax (High)
When assessing the complete cost of living in Pike Road, AL, the Alabama income tax and the Alabama sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Alabama maximum surtax is 10%, and the Alabama sales tax is 4%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 2% to 5% in Alabama.

Goods & Services

ItemPike RoadNational avg.Difference
Haircut $14.80$14.591.4%
Beauty Salon $31.80$34.688.3%
Toothpaste $2.27$2.478.2%
Shampoo $0.97$1.025.1%
Movie $9.84$9.870.3%
Bowling $3.87$4.3911.9%


ItemPike RoadNational avg.Difference
Ground Beef $4.29$4.484.2%
Fried Chicken $1.37$1.466.4%
Milk $2.63$2.3611.6%
Potatoes $3.18$3.063.9%
Pizza $9.00$9.242.6%
Beer $8.71$8.630.9%

Health Care

ItemPike RoadNational avg.Difference
Optometrist $74.00$99.7825.8%
Doctor $80.00$105.0323.8%
Dentist $69.67$88.7021.5%
Ibuprofen $9.71$9.413.2%
Lipitor $252.97$298.5015.3%


ItemPike RoadNational avg.Difference
Home Price $253,300.00$175,700.0044.2%
Avg. Mortgage Payment $950.68$1,081.0312.1%
Apartment Rent $1,091.00$920.0018.6%


ItemPike RoadNational avg.Difference
Gasoline $1.86$2.0911.2%
Tire Balancing $41.33$45.298.7%


ItemPike RoadNational avg.Difference
All Electricity$181.98$170.806.5%
Phone $29.99$28.266.1%
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.
Shorter, AL49787-13%
Montgomery, AL204,09590-10%
Emerald Mountain, AL2,3161022%
Pike Road, AL6,6051099%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Mount Vernon, IN6,60784-16%
South Run, VA6,60717878%
Noble, OK6,60281-19%
Canton, NY6,6001044%
Hapeville, GA6,61195-5%
Pike Road, AL6,6051099%
Source: The Pike Road, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.