Grayson Valley, AL Cost Of Living

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Grayson Valley cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Index	Grayson Valley	Alabama	National
Cost of living index	86	89	100
Index	Grayson Valley	Alabama	National
Goods & Services index	88	98	100
Groceries index	88	96	100
Health care index	88	91	100
Housing index	73	72	100
Transportation index	92	91	100
Utilities index	103	103	100

An overview of the general cost of living index for Grayson Valley, AL is displayed above for your reference. Residents in Grayson Valley, AL enjoy a cost of living index of 86. This index is 4% lower than the Alabama average, and 14% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Grayson Valley, AL, the average cost of goods and services is 10% lower than it is in Alabama, and it is 12% lower than the national average.

Did you know?

The cost of living in Grayson Valley is 4% lower than the Alabama average.
The cost of living in Grayson Valley is 14% lower than the national average.
The cost of housing in Grayson Valley is 27% lower than the national average.
Alabama general sales tax is 21% lower than the national average.
Alabama state income tax is 10% lower than the national average.

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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

The salary calculator is meant to help you compare your salary in Grayson Valley, AL to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Grayson Valley, AL, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Grayson Valley, AL salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$51,838	$4,320	$1,209	$1,555
Renters	$32,108	$2,676	$749	$963

The affordability of the housing market in Grayson Valley, AL as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Grayson Valley, AL homeowners, the median income is $51,838. This indicates that a monthly maximum of $1,209 should be spent by homeowners on all housing related costs. Renters have a median income of $32,108. This indicates that renters should have a maximum of $749 used for their rent related monthly 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%

When you are determining the total cost of living in Grayson Valley, AL you will want to make sure you consider both the Alabama sales tax and the Alabama income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Alabama is 4%, with the highest surtax being 13.5%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Alabama have a range from 2% to 5%.

Goods & Services

Item	Grayson Valley	National avg.	Difference
Haircut	$16.33	$17.49	6.6%
Beauty Salon	$35.00	$38.17	8.3%
Toothpaste	$1.71	$2.32	26.3%
Shampoo	$0.78	$1.01	22.9%
Movie	$11.91	$10.72	11.1%
Bowling	$15.00	$13.86	8.2%

Groceries

Item	Grayson Valley	National avg.	Difference
Ground Beef	$3.89	$3.90	0.3%
Fried Chicken	$1.17	$1.40	16.2%
Milk	$1.75	$1.96	10.8%
Potatoes	$2.73	$3.18	14.2%
Pizza	$9.79	$10.39	5.8%
Beer	$8.65	$9.23	6.3%

Health Care

Item	Grayson Valley	National avg.	Difference
Optometrist	$109.00	$106.34	2.5%
Doctor	$80.00	$115.25	30.6%
Dentist	$93.50	$98.38	5.0%
Ibuprofen	$7.98	$9.26	13.8%
Lipitor	$457.00	$466.47	2.0%

Housing

Item	Grayson Valley	National avg.	Difference
Home Price	$121,200.00	$184,700.00	34.4%
Avg. Mortgage Payment	$955.18	$1,273.32	25.0%
Apartment Rent	$868.00	$949.00	8.5%

Transportation

Item	Grayson Valley	National avg.	Difference
Gasoline	$2.32	$2.59	10.6%
Tire Balancing	$48.33	$48.90	1.2%

Utilities

Item	Grayson Valley	National avg.	Difference
All Electricity	$179.60	$167.60	7.2%
Phone	$178.98	$163.42	9.5%

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.

City, State	Population	Cost of Living Index	National Avg.
Mount Olive CDP (Coosa County), AL	275	75	-25%
Sterrett, AL	865	76	-24%
Vandiver, AL	954	76	-24%
Trafford, AL	660	77	-23%
Brookside, AL	1,202	78	-22%
Grayson Valley, AL	4,872	86	-14%

City, State	Population	Cost of Living Index	National Avg.
Porter, IN	4,873	106	6%
Whiting, IN	4,870	96	-4%
Lely Resort, FL	4,874	139	39%
West Sayville, NY	4,875	141	41%
Colona, IL	4,876	87	-13%
Grayson Valley, AL	4,872	86	-14%

Grayson Valley, AL Cost of Living