| Index | Enterprise | Alabama | National |
| Cost of living | 95 | 89 | 100 |
| Groceries | 94 | 96 | 100 |
| Health care | 94 | 95 | 100 |
| Housing | 95 | 74 | 100 |
| Transportation | 93 | 95 | 100 |
| Utilities | 101 | 97 | 100 |
| Lifestyle & Entertainment | 89 | 94 | 100 |
| Household Items | 99 | 96 | 100 |
| Education & Childcare | 91 | 93 | 100 |
Understanding the cost of living in Enterprise can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Enterprise cost of living index is 95, which is 5% lower than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.
The cost of living in Enterprise aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, household expenses, health care and utility bills are priced at a level consistent with the average in similar urban areas. Enterprise residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.
The most insightful perspective on a city comes from its residents. We recently surveyed 23 locals to gauge their perception of the cost of living in Enterprise. The feedback revealed that 52% of respondents found the cost of living to be reasonable, with prices on the decline, while 48% regarded it as notably expensive with prices that continue to rise.
Is Enterprise affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Enterprise, for instance, where the median home price falls 2.1% lower than the national average, and monthly rent rates are 12% lower than usual. Additionally, median income levels contribute to the equation, with Enterprise flaunting a median household income of $92,734, 14% higher than the national norm.
Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday household expenses, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Enterprise, the standard sales tax rate starts at 4%, and the income tax rates commence at 2%.
Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In Enterprise, the housing index comes in at 5.1% lower than the national average.
Utilities: Much like any other costs, utility expenses can exhibit considerable variations, influenced by factors such as climate, available energy sources, geographic location and state regulations. The costs associated with electricity, water, heating, and waste disposal can vary significantly depending on the city or state in question. In Enterprise, the utilities index stands at 0.9% higher than the national average.
The cost of living data for Enterprise shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $113,788 | $9,482 | $2,655 | $3,414 |
| Renters | $58,673 | $4,889 | $1,369 | $1,760 |
| State | General Sales Tax | With Max Surtax |
| Alabama | 4% | 13.5% |
| State | Income Tax (Low) | Income Tax (High) |
| Alabama | 2% | 5% |
| City | Population | Cost of Living Index | National Avg. |
| Coffee Springs, AL | 196 | 77 | 23.2% |
| Samson, AL | 1,654 | 79 | 21.3% |
| Slocomb, AL | 2,011 | 81 | 18.7% |
| Elba, AL | 3,985 | 82 | 18.1% |
| Clayhatchee, AL | 764 | 83 | 16.6% |
| Enterprise, AL | 28,827 | 95 | 5.4% |
| City | Population | Cost of Living Index | National Avg. |
| Glen Ellyn, IL | 28,828 | 136 | 35.5% |
| Winchester, VA | 28,825 | 111 | 11.3% |
| Saratoga Springs, NY | 28,832 | 133 | 33.1% |
| Burlington, MA | 28,820 | 165 | 65.4% |
| East Chicago, IN | 28,835 | 82 | 17.8% |
| Enterprise, AL | 28,827 | 95 | 5.4% |
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