Cost Of Living in Colony, AL

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21%

Overall NAT. AVG.

2%

Groceries NAT. AVG.

62%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Colony	Alabama	National
Cost of living	79	89	100
Groceries	98	96	100
Health care	99	95	100
Housing	38	74	100
Transportation	98	95	100
Utilities	95	97	100
Lifestyle & Entertainment	96	94	100
Household Items	96	96	100
Education & Childcare	96	93	100

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Homes For Sale In Colony, AL

294 Johnson Cir

Hanceville, AL

273 Johnson Cir

Hanceville, AL

Cost Of Living Quick Facts

The cost of living in Colony is 11% lower than the Alabama average
The cost of living in Colony is 21% lower than the national average
Colony housing is 62% 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
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$60,750	$5,063	$1,417	$1,823
Renters	$70,410	$5,868	$1,643	$2,113

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%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Sipsey, AL	299	81	18.6%
Trafford, AL	544	84	15.6%
County Line, AL	308	85	14.6%
Dora, AL	2,507	86	14.5%
Warrior, AL	3,316	86	14.2%
Colony, AL	304	79	20.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Dyess, AR	304	81	18.9%
Monterey Park Tract, CA	304	114	14.4%
Morganton, GA	304	90	10.5%
Fertile, IA	304	87	12.6%
Goose Lake, IA	304	86	13.7%
Colony, AL	304	79	20.6%