Overall 6%
Goods & Services 1%
Housing 17%
Date & Last Updated: This data reflects 2020 and was released from C2ER in January, 2021; 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.
Cost of living9489100
Goods & Services10197100
Health care9291100

Key findings

  • The cost of living in Clay is 5% higher than the Alabama average
  • The cost of living in Clay is 6% lower than the national average
  • Clay housing is 17% lower than the national average
  • Alabama general sales tax is 21% lower than the national average
  • Alabama state income tax is 19% lower than the national average

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Compare Clay, AL Cost of Living

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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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      A good way to judge both the affordability of the housing and the cost of living in Clay is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Clay has a median income of about $75,890 for people who own homes. Based on that number, a maximum of $1,771 should be spent on expenses related to housing. Renters have a slightly different median income, which is $34,869. Based on this average, renters should spend no more than $814 on all rental costs if they want to maintain a non-impoverished standard of living.

      Alabama Sales Tax

      StateGeneral Sales TaxWith Max Surtax

      Alabama Income Tax

      StateIncome Tax (Low)Income Tax (High)

      Goods & Services

      ItemClayNational avg.Difference
      Haircut $16.76$18.6210.0%
      Beauty Salon $33.83$39.0513.4%
      Toothpaste $1.80$2.3423.1%
      Shampoo $0.88$1.0616.7%
      Movie $12.74$10.6819.2%
      Bowling $15.00$14.672.2%


      ItemClayNational avg.Difference
      Ground Beef $4.35$4.223.1%
      Fried Chicken $1.38$1.390.4%
      Milk $1.92$2.056.1%
      Potatoes $3.00$3.298.9%
      Pizza $9.76$10.628.2%
      Beer $9.12$9.382.8%

      Health Care

      ItemClayNational avg.Difference
      Optometrist $95.80$108.5711.8%
      Doctor $77.78$116.1733.0%
      Dentist $106.79$99.137.7%
      Ibuprofen $9.17$9.685.2%
      Lipitor $444.33$466.924.8%


      ItemClayNational avg.Difference
      Home Price $151,800.00$184,700.0017.8%
      Avg. Mortgage Payment $953.45$1,197.4220.4%
      Apartment Rent $797.00$949.0016.0%


      ItemClayNational avg.Difference
      Gasoline $2.03$2.228.7%
      Tire Balancing $50.90$50.071.7%


      ItemClayNational avg.Difference
      All Electricity$172.23$167.672.7%
      Phone $181.81$175.643.5%
      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, StatePopulationCost of Living IndexNational Avg.
      Allgood, AL66382-18%
      Trafford, AL66082-18%
      Tarrant, AL6,27184-16%
      Warrior, AL3,19884-16%
      Birmingham, AL212,42486-14%
      Clay, AL9,65994-6%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Sparta, WI9,65986-14%
      Roxborough Park, CO9,65713030%
      Eidson Road, TX9,65478-22%
      Fort Bliss, TX9,65011212%
      Alamosa, CO9,67190-10%
      Clay, AL9,65994-6%
      Source: The Clay, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2020.