Cost Of Living In Sheffield, AL

Sheffield 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.
Index	Sheffield	Alabama	National
Cost of living index	84	89	100
Index	Sheffield	Alabama	National
Goods & Services index	96	96	100
Groceries index	96	97	100
Health care index	84	87	100
Housing index	56	73	100
Transportation index	94	92	100
Utilities index	104	104	100

Displayed above is a general overview of the Sheffield, AL cost of living index. The overall cost of living index in Sheffield, AL is 84, which is 6% lower than the Alabama average and 16% 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 Sheffield, AL are equal to the Alabama average and 4% lower than the national average.

Did you know?

The cost of living in Sheffield is 6% lower than the Alabama average.
The cost of living in Sheffield is 16% lower than the national average.
The cost of housing in Sheffield is 44% 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

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Using the salary calculator lets you compare the salary you earn in Sheffield, AL to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Sheffield, AL, you have to earn a higher income in order to still have the same standard of living. To operate the Sheffield, AL salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$48,260	$4,022	$1,126	$1,448
Renters	$20,057	$1,671	$468	$602

How much of your monthly income goes to housing can tell you whether or not you can afford housing in Sheffield, 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 Sheffield, AL homeowners have a median income of $48,260. Using that number, you will come up with a maximum of $1,126 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $20,057, which means there is a maximum of $468 to be spent on the costs of renting a home or apartment.

Alabama Sales Tax

State	General Sales Tax	With Max Surtax
Alabama	4%	10%

Alabama Income Tax

State	Income Tax (Low)	Income Tax (High)
Alabama	2%	5%

The Alabama sales tax and Alabama income tax rates should definitely be considered when determining the overall cost of living in Sheffield, AL. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Alabama sales tax is 4% and the maximum surtax is 10%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Alabama income tax rates range from 2% to 5%.

Goods & Services

Item	Sheffield	National avg.	Difference
Haircut	$14.17	$15.56	9.0%
Beauty Salon	$29.93	$36.11	17.1%
Toothpaste	$2.16	$2.47	12.6%
Shampoo	$1.03	$0.96	7.1%
Movie	$11.05	$10.13	9.1%
Bowling	$4.75	$4.74	0.4%

Groceries

Item	Sheffield	National avg.	Difference
Ground Beef	$3.84	$3.98	3.5%
Fried Chicken	$1.32	$1.41	6.0%
Milk	$1.81	$2.06	12.3%
Potatoes	$2.67	$2.98	10.4%
Pizza	$8.49	$9.47	10.4%
Beer	$8.18	$8.79	7.0%

Health Care

Item	Sheffield	National avg.	Difference
Optometrist	$75.13	$101.04	25.6%
Doctor	$74.33	$107.44	30.8%
Dentist	$76.27	$90.42	15.6%
Ibuprofen	$8.44	$9.28	9.0%
Lipitor	$431.13	$426.50	1.1%

Housing

Item	Sheffield	National avg.	Difference
Home Price	$88,300.00	$175,700.00	49.7%
Avg. Mortgage Payment	$877.10	$1,133.23	22.6%
Apartment Rent	$628.00	$920.00	31.7%

Transportation

Item	Sheffield	National avg.	Difference
Gasoline	$1.86	$1.99	6.9%
Tire Balancing	$44.57	$45.76	2.6%

Utilities

Item	Sheffield	National avg.	Difference
All Electricity	$162.64	$163.81	0.7%
Phone	$31.58	$28.39	11.2%

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, State	Population	Cost of Living Index	National Avg.
Leighton, AL	804	82	-18%
Cherokee, AL	1,000	83	-17%
Littleville, AL	999	85	-15%
Tuscumbia, AL	8,565	86	-14%
Underwood-Petersville, AL	3,139	86	-14%
Sheffield, AL	9,067	84	-16%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Thomaston, GA	9,068	84	-16%
Taft, CA	9,063	104	4%
Columbia City, IN	9,057	83	-17%
Fallston, MD	9,056	126	26%
Fitzgerald, GA	9,054	84	-16%
Sheffield, AL	9,067	84	-16%

Source: The Sheffield, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.

Sheffield, AL Cost of Living