Tallassee 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.
IndexTallasseeAlabamaNational
Cost of living index8689100
IndexTallasseeAlabamaNational
Goods & Services index11098100
Groceries index10198100
Health care index8785100
Housing index5273100
Transportation index9292100
Utilities index8699100
Displayed above is a general overview of the Tallassee, AL cost of living index. The overall cost of living index in Tallassee, AL is 86, which is 4% lower than the Alabama average and 14% 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 Tallassee, AL are 12% higher than the Alabama average and 10% higher than the national average.

Did you know?

  • The cost of living in Tallassee is 4% lower than the Alabama average.
  • The cost of living in Tallassee is 14% lower than the national average.
  • The cost of housing in Tallassee is 48% 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 Tallassee, AL Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Tallassee, AL to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Tallassee, AL, then you would need to earn more income in order to maintain the same standard of living. To use the Tallassee, AL salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$57,083$4,757$1,332$1,713
Renters$23,750$1,979$554$713
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Tallassee, 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 Tallassee, AL homeowners have a median income of $57,083. Using that number, you will come up with a maximum of $1,332 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $23,750, which means there is a maximum of $554 to be spent on the costs of renting a home or apartment.

Alabama Sales Tax

StateGeneral Sales TaxWith Max Surtax
Alabama4%10%

Alabama Income Tax

StateIncome Tax (Low)Income Tax (High)
Alabama2%5%
For those who live in Tallassee, AL and want to know what the true cost of living is, they ought to look at both the Alabama income tax rate and the Alabama sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Alabama, the sales tax is 4%, while the most you'll pay in surtax is 10%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Alabama, the income tax rate ranges between 2% to 5%.

Goods & Services

ItemTallasseeNational avg.Difference
Haircut $14.67$14.590.5%
Beauty Salon $42.00$34.6821.1%
Toothpaste $2.81$2.4713.6%
Shampoo $1.62$1.0258.5%
Movie $12.50$9.8726.7%
Bowling $4.79$4.399.1%

Groceries

ItemTallasseeNational avg.Difference
Ground Beef $5.81$4.4829.8%
Fried Chicken $1.26$1.4613.9%
Milk $2.17$2.367.9%
Potatoes $3.48$3.0613.7%
Pizza $9.00$9.242.6%
Beer $8.89$8.633.0%

Health Care

ItemTallasseeNational avg.Difference
Optometrist $74.67$99.7825.2%
Doctor $81.67$105.0322.2%
Dentist $70.00$88.7021.1%
Ibuprofen $8.45$9.4110.2%
Lipitor $327.99$298.509.9%

Housing

ItemTallasseeNational avg.Difference
Home Price $84,300.00$175,700.0052.0%
Avg. Mortgage Payment $797.54$1,081.0326.2%
Apartment Rent $556.00$920.0039.6%

Transportation

ItemTallasseeNational avg.Difference
Gasoline $1.98$2.095.2%
Tire Balancing $38.67$45.2914.6%

Utilities

ItemTallasseeNational avg.Difference
All Electricity$161.13$170.805.7%
Phone $21.01$28.2625.6%
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.
Franklin, AL18485-15%
Notasulga, AL98885-15%
Tuskegee, AL9,43586-14%
Reeltown, AL45688-12%
Shorter, AL49787-13%
Tallassee, AL5,01186-14%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Penn Yan, NY5,01190-10%
Sea Cliff, NY5,01217474%
Dellwood, MO5,01091-9%
Mansfield, LA5,01279-21%
Foxborough, MA5,01313434%
Tallassee, AL5,01186-14%
Source: The Tallassee, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.