A-
Overall 14%
Goods & Services 12%
Housing 27%
Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; 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.
IndexGrayson ValleyAlabamaNational
Cost of living8689100
Goods & Services8898100
Groceries8896100
Health care8891100
Housing7372100
Transportation9291100
Utilities103103100

Key findings

  • 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
  • Grayson Valley housing is 27% lower than the national average
  • Alabama general sales tax is 21% lower than the national average
  • Alabama state income tax is 19% lower than the national average

Most Affordable Places to Live in and Around Grayson Valley

See all the best places to live around Grayson Valley

Compare Grayson Valley, AL Cost of Living

      vs
      How would you rate the cost of living in Grayson Valley?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Grayson Valley?
      Write a review to give others more information about this area.
      See all Grayson Valley poll results

      Salary Calculator

      This is how much you would need to earn in
      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 IncomePer YearPer MonthMax 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 predicted 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 be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Grayson Valley 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 would have a maximum of $749 for their rent related monthly costs.

      Alabama Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Alabama4%13.5%

      Alabama Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Alabama2%5%

      Goods & Services

      ItemGrayson ValleyNational avg.Difference
      Haircut $16.33$17.496.6%
      Beauty Salon $35.00$38.178.3%
      Toothpaste $1.71$2.3226.3%
      Shampoo $0.78$1.0122.9%
      Movie $11.91$10.7211.1%
      Bowling $15.00$13.868.2%

      Groceries

      ItemGrayson ValleyNational avg.Difference
      Ground Beef $3.89$3.900.3%
      Fried Chicken $1.17$1.4016.2%
      Milk $1.75$1.9610.8%
      Potatoes $2.73$3.1814.2%
      Pizza $9.79$10.395.8%
      Beer $8.65$9.236.3%

      Health Care

      ItemGrayson ValleyNational avg.Difference
      Optometrist $109.00$106.342.5%
      Doctor $80.00$115.2530.6%
      Dentist $93.50$98.385.0%
      Ibuprofen $7.98$9.2613.8%
      Lipitor $457.00$466.472.0%

      Housing

      ItemGrayson ValleyNational avg.Difference
      Home Price $121,200.00$184,700.0034.4%
      Avg. Mortgage Payment $955.18$1,273.3225.0%
      Apartment Rent $868.00$949.008.5%

      Transportation

      ItemGrayson ValleyNational avg.Difference
      Gasoline $2.32$2.5910.6%
      Tire Balancing $48.33$48.901.2%

      Utilities

      ItemGrayson ValleyNational avg.Difference
      All Electricity$179.60$167.607.2%
      Phone $178.98$163.429.5%
      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.

      Nearby cities with low cost of living

      City, StatePopulationCost of Living IndexNational Avg.
      Mount Olive CDP (Coosa County), AL27575-25%
      Sterrett, AL86576-24%
      Vandiver, AL95476-24%
      Trafford, AL66077-23%
      Brookside, AL1,20278-22%
      Grayson Valley, AL4,87286-14%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Porter, IN4,8731066%
      Whiting, IN4,87096-4%
      Lely Resort, FL4,87413939%
      West Sayville, NY4,87514141%
      Colona, IL4,87687-13%
      Grayson Valley, AL4,87286-14%
      Source: The Grayson Valley, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.