Cost Of Living in Glencoe, AL

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A+

9%

Overall NAT. AVG.

9%

Goods & Services NAT. AVG.

19%

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	Glencoe	Alabama	National
Cost of living	91	88	100
Goods & Services	91	96	100
Groceries	94	96	100
Health care	80	87	100
Housing	81	72	100
Transportation	92	91	100
Utilities	124	102	100

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Cost Of Living Quick Facts

The cost of living in Glencoe is 3% higher than the Alabama average
The cost of living in Glencoe is 9% lower than the national average
Glencoe housing is 19% 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	$73,235	$6,103	$1,709	$2,197
Renters	$31,083	$2,590	$725	$933

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Glencoe, AL, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Glencoe homeowners, is $73,235. This would allow for a maximum of $1,709 per month to be spent on housing costs. For renters, the median monthly income is $31,083 which would result in a maximum of $725 to be spent on rental 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	Glencoe	National avg.	Difference
Haircut	$16.56	$24.26	31.8%
Beauty Salon	$35.56	$45.56	22.0%
Toothpaste	$3.67	$3.70	0.9%
Shampoo	$1.28	$1.28	0.0%
Movie	$11.49	$12.13	5.3%
Bowling	$16.50	$18.00	8.3%

Groceries

Item	Glencoe	National avg.	Difference
Ground Beef	$5.17	$5.84	11.5%
Fried Chicken	$1.67	$1.57	6.2%
Milk	$4.56	$4.67	2.3%
Potatoes	$5.40	$4.93	9.4%
Pizza	$10.59	$12.09	12.4%
Beer	$10.17	$10.41	2.3%

Health Care

Item	Glencoe	National avg.	Difference
Optometrist	$83.34	$125.68	33.7%
Doctor	$98.98	$135.78	27.1%
Dentist	$81.53	$113.29	28.0%
Ibuprofen	$10.24	$10.65	3.8%
Lipitor	$483.70	$468.60	3.2%

Housing

Item	Glencoe	National avg.	Difference
Home Price	$163,400.00	$184,700.00	11.5%
Avg. Mortgage Payment	$1,405.24	$2,346.69	40.1%
Apartment Rent	$617.00	$949.00	35.0%

Transportation

Item	Glencoe	National avg.	Difference
Gasoline	$3.07	$3.46	11.3%
Tire Balancing	$59.63	$59.92	0.5%

Utilities

Item	Glencoe	National avg.	Difference
All Electricity	$270.14	$193.99	39.3%
Phone	$188.01	$192.25	2.2%

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.
White Plains, AL	541	96	4.3%
Tidmore Bend, AL	1,060	81	19.2%
Steele, AL	1,133	82	18.1%
Gadsden, AL	35,224	82	17.7%
Ballplay, AL	1,522	83	17.4%
Glencoe, AL	5,125	91	8.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Daleville, AL	5,125	85	14.7%
New Martinsville, WV	5,123	84	16.0%
Thatcher, AZ	5,122	104	3.8%
Homestead Meadows North, TX	5,121	86	14.3%
Spirit Lake, IA	5,130	95	5.0%
Glencoe, AL	5,125	91	8.6%