Springville 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.
IndexSpringvilleAlabamaNational
Cost of living index9889100
IndexSpringvilleAlabamaNational
Goods & Services index9998100
Groceries index10298100
Health care index8185100
Housing index10473100
Transportation index8992100
Utilities index9399100
The above illustration supplies generalized information for the Springville, AL cost of living index. Compared to other cities in Alabama and cities across the country, the cost of living index in Springville, AL is 98, which is 10% higher than the Alabama average and 2% 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 Springville, 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 Springville is 10% higher than the Alabama average.
  • The cost of living in Springville is 2% lower than the national average.
  • The cost of housing in Springville is 4% 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 Springville, AL Cost of living To Other Cities

Salary Calculator

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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is used in order to provide a comparison of your current salary in Springville, 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 Springville, AL, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Springville, 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)
Owners$82,192$6,849$1,918$2,466
Renters$30,833$2,569$719$925
If you want to find a good determining factor for the cost of living and the general affordability of housing in Springville, 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 Springville, AL, the median monthly income is $82,192 for those who own their own homes. Under the standard rule, that income level would allow for $1,918 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $30,833, per the median income in the area. That would allow for renters to spend up to $719 on monthly rental expenses.

Alabama Sales Tax

StateGeneral Sales TaxWith Max Surtax
Alabama4%10%

Alabama Income Tax

StateIncome Tax (Low)Income Tax (High)
Alabama2%5%
When assessing the complete cost of living in Springville, 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

ItemSpringvilleNational 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%

Groceries

ItemSpringvilleNational 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

ItemSpringvilleNational 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%

Housing

ItemSpringvilleNational avg.Difference
Home Price $206,400.00$175,700.0017.5%
Avg. Mortgage Payment $846.13$1,081.0321.7%
Apartment Rent $655.00$920.0028.8%

Transportation

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

Utilities

ItemSpringvilleNational 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.
County Line, AL27680-20%
Allgood, AL60781-19%
Ashville, AL2,22582-18%
Nectar, AL31885-15%
Oneonta, AL6,62388-12%
Springville, AL4,14098-2%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Beach Haven West, NJ4,14014242%
Eldorado, IL4,13977-23%
Broken Bow, OK4,14185-15%
Primera, TX4,13876-24%
Medford Lakes, NJ4,13813535%
Springville, AL4,14098-2%
Source: The Springville, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.