Evergreen cost of living index

The above illustration supplies generalized information for the Evergreen, AL cost of living index. Compared to other cities in Alabama and cities across the country, the cost of living index in Evergreen, AL is 81, which is 10% lower than the Alabama average and 19% 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 Evergreen, AL are 2% lower than the average for Alabama and 5% lower than the rest of the country.

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Salary Calculator

The salary calculator allows you to compare how much your current salary in Evergreen, AL would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Evergreen, AL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Evergreen, AL salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

One can approximate the cost of living and the housing affordability in Evergreen, AL by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Evergreen, AL have a median income of $47,826. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,116 per month to avoid calamity and poverty. The renters in the city have an income of about $11,050, which would make their monthly maximum allowable rental costs $258.

Alabama Sales Tax

Alabama Income Tax

When assessing the complete cost of living in Evergreen, AL, the Alabama income tax and the Alabama sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Alabama maximum surtax is 13.5%, and the Alabama sales tax is 4%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 2% to 5% in Alabama.

Goods & Services

Groceries

Health Care

Housing

Transportation

Utilities

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.

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Source: The Evergreen, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.