Cost Of Living in Clanton, AL

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14%

Overall NAT. AVG.

9%

Goods & Services NAT. AVG.

31%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Clanton	Alabama	National
Cost of living	86	88	100
Goods & Services	91	96	100
Groceries	97	96	100
Health care	80	87	100
Housing	69	72	100
Transportation	92	91	100
Utilities	104	102	100

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Cost Of Living Quick Facts

The cost of living in Clanton is 3% lower than the Alabama average
The cost of living in Clanton is 14% lower than the national average
Clanton housing is 31% lower than the national average
Alabama general sales tax is 22% lower than the national average
Alabama state income tax is 23% lower than the national average

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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

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$58,173	$4,848	$1,357	$1,745
Renters	$28,190	$2,349	$658	$846

The affordability of the housing market in Clanton, AL as well as the overall cost of living can be predicted 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 be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Clanton homeowners, the median income is $58,173. This indicates that a monthly maximum of $1,357 should be spent by homeowners on all housing related costs. Renters have a median income of $28,190. This indicates that renters would have a maximum of $658 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%

Goods & Services

Item	Clanton	National avg.	Difference
Haircut	$23.07	$24.26	4.9%
Beauty Salon	$43.53	$45.56	4.5%
Toothpaste	$3.65	$3.70	1.5%
Shampoo	$1.31	$1.28	2.0%
Movie	$9.44	$12.13	22.2%
Bowling	$12.00	$18.00	33.3%

Groceries

Item	Clanton	National avg.	Difference
Ground Beef	$5.97	$5.84	2.2%
Fried Chicken	$1.67	$1.57	6.2%
Milk	$4.55	$4.67	2.7%
Potatoes	$5.20	$4.93	5.3%
Pizza	$11.39	$12.09	5.7%
Beer	$10.73	$10.41	3.1%

Health Care

Item	Clanton	National avg.	Difference
Optometrist	$93.60	$125.68	25.5%
Doctor	$104.44	$135.78	23.1%
Dentist	$73.11	$113.29	35.5%
Ibuprofen	$10.24	$10.65	3.9%
Lipitor	$514.17	$468.60	9.7%

Housing

Item	Clanton	National avg.	Difference
Home Price	$125,900.00	$184,700.00	31.8%
Avg. Mortgage Payment	$1,788.13	$2,346.69	23.8%
Apartment Rent	$663.00	$949.00	30.1%

Transportation

Item	Clanton	National avg.	Difference
Gasoline	$3.18	$3.46	8.0%
Tire Balancing	$54.09	$59.92	9.7%

Utilities

Item	Clanton	National avg.	Difference
All Electricity	$201.74	$193.99	4.0%
Phone	$200.70	$192.25	4.4%

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	Population	Cost of Living Index	National Avg.
Billingsley, AL	148	93	6.5%
Marbury, AL	2,040	84	15.6%
Jemison, AL	2,658	88	12.0%
Thorsby, AL	2,122	89	11.3%
Maplesville, AL	640	86	13.8%
Clanton, AL	8,719	86	14.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Andalusia, AL	8,719	87	12.9%
Fort Riley, KS	8,720	104	3.6%
Park Ridge, NJ	8,721	166	66.0%
Princeton, IN	8,716	87	12.8%
Rawlins, WY	8,716	94	5.6%
Clanton, AL	8,719	86	14.0%