Bay Minette, AL Cost Of Living

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Bay Minette 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	Bay Minette	Alabama	National
Cost of living index	92	89	100
Index	Bay Minette	Alabama	National
Goods & Services index	107	98	100
Groceries index	101	96	100
Health care index	109	91	100
Housing index	64	72	100
Transportation index	94	91	100
Utilities index	102	103	100

The above illustration supplies generalized information for the Bay Minette, AL cost of living index. Compared to other cities in Alabama and cities across the country, the cost of living index in Bay Minette, AL is 92, which is 2% higher than the Alabama average and 8% 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 Bay Minette, AL are 9% higher than the average for Alabama and 7% higher than the rest of the country.

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The cost of living in Bay Minette is 2% higher than the Alabama average.
The cost of living in Bay Minette is 8% lower than the national average.
The cost of housing in Bay Minette is 36% 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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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Use the salary calculator to compare your current salary in Bay Minette, 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 Bay Minette, AL, then you would need to earn more income in order to maintain the same standard of living. To use the Bay Minette, 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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$49,663	$4,139	$1,159	$1,490
Renters	$21,609	$1,801	$504	$648

The affordability of the housing market in Bay Minette, AL as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Bay Minette, AL homeowners, the median income is $49,663. This indicates that a monthly maximum of $1,159 should be spent by homeowners on all housing related costs. Renters have a median income of $21,609. This indicates that renters should have a maximum of $504 used for their rent related monthly costs.

Alabama Sales Tax

State	General Sales Tax	With Max Surtax
Alabama	4%	13.5%

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 Bay Minette, 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 13.5%. 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	Bay Minette	National avg.	Difference
Haircut	$15.00	$17.49	14.2%
Beauty Salon	$37.75	$38.17	1.1%
Toothpaste	$1.71	$2.32	26.3%
Shampoo	$0.83	$1.01	18.0%
Movie	$12.51	$10.72	16.7%
Bowling	$18.00	$13.86	29.9%

Groceries

Item	Bay Minette	National avg.	Difference
Ground Beef	$4.58	$3.90	17.4%
Fried Chicken	$1.28	$1.40	8.3%
Milk	$2.40	$1.96	22.3%
Potatoes	$4.20	$3.18	32.0%
Pizza	$9.79	$10.39	5.8%
Beer	$9.47	$9.23	2.6%

Health Care

Item	Bay Minette	National avg.	Difference
Optometrist	$134.60	$106.34	26.6%
Doctor	$117.00	$115.25	1.5%
Dentist	$113.50	$98.38	15.4%
Ibuprofen	$9.98	$9.26	7.8%
Lipitor	$493.71	$466.47	5.8%

Housing

Item	Bay Minette	National avg.	Difference
Home Price	$119,400.00	$184,700.00	35.4%
Avg. Mortgage Payment	$890.75	$1,273.32	30.0%
Apartment Rent	$584.00	$949.00	38.5%

Transportation

Item	Bay Minette	National avg.	Difference
Gasoline	$2.41	$2.59	7.2%
Tire Balancing	$47.74	$48.90	2.4%

Utilities

Item	Bay Minette	National avg.	Difference
All Electricity	$174.87	$167.60	4.3%
Phone	$178.98	$163.42	9.5%

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.
Bucks, AL	51	104	4%
Mount Vernon, AL	1,329	88	-12%
Axis, AL	992	91	-9%
Movico, AL	111	91	-9%
Mobile, AL	193,717	93	-7%
Bay Minette, AL	9,019	92	-8%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Covington, TN	9,016	78	-22%
Exeter, NH	9,022	112	12%
Pine Lake Park, NJ	9,016	117	17%
Blacklick Estates, OH	9,022	87	-13%
Mapleton, UT	9,014	119	19%
Bay Minette, AL	9,019	92	-8%

Source: The Bay Minette, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Bay Minette, AL Cost of Living