Greenville, Alabama Cost Of Living

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A

Overall 18%

Goods & Services 11%

Housing 42%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; 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	Greenville	Alabama	National
Cost of living	82	88	100
Goods & Services	89	94	100
Groceries	99	98	100
Health care	85	91	100
Housing	58	72	100
Transportation	93	93	100
Utilities	100	101	100

Key findings

The cost of living in Greenville is 7% lower than the Alabama average
The cost of living in Greenville is 18% lower than the national average
Greenville housing is 42% 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

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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	$43,450	$3,621	$1,014	$1,304
Renters	$18,259	$1,522	$426	$548

The affordability of the housing market in Greenville, 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 Greenville homeowners, the median income is $43,450. This indicates that a monthly maximum of $1,014 should be spent by homeowners on all housing related costs. Renters have a median income of $18,259. This indicates that renters would have a maximum of $426 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%

Goods & Services

Item	Greenville	National avg.	Difference
Haircut	$17.80	$20.27	12.2%
Beauty Salon	$42.20	$40.39	4.5%
Toothpaste	$2.14	$2.36	9.4%
Shampoo	$1.02	$1.08	5.5%
Movie	$6.92	$10.99	37.0%
Bowling	$12.50	$15.49	19.3%

Groceries

Item	Greenville	National avg.	Difference
Ground Beef	$3.70	$4.30	13.9%
Fried Chicken	$1.55	$1.40	10.5%
Milk	$2.49	$2.20	12.9%
Potatoes	$3.09	$3.22	4.1%
Pizza	$9.74	$10.74	9.3%
Beer	$9.72	$9.60	1.3%

Health Care

Item	Greenville	National avg.	Difference
Optometrist	$83.33	$109.73	24.1%
Doctor	$92.00	$118.34	22.3%
Dentist	$71.40	$100.94	29.3%
Ibuprofen	$11.00	$9.93	10.8%
Lipitor	$502.96	$469.53	7.1%

Housing

Item	Greenville	National avg.	Difference
Home Price	$105,400.00	$184,700.00	42.9%
Avg. Mortgage Payment	$980.08	$1,229.62	20.3%
Apartment Rent	$556.00	$949.00	41.4%

Transportation

Item	Greenville	National avg.	Difference
Gasoline	$2.46	$2.71	9.4%
Tire Balancing	$50.86	$51.86	1.9%

Utilities

Item	Greenville	National avg.	Difference
All Electricity	$170.85	$170.84	0.0%
Phone	$185.19	$187.18	1.1%

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.
Fort Deposit, AL	1,519	76	23.6%
Georgiana, AL	1,681	76	23.6%
Greenville, AL	7,896	82	17.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
York, NE	7,899	85	14.6%
Caribou, ME	7,902	90	10.1%
Prien, LA	7,903	92	7.9%
Mystic Island, NJ	7,903	106	6.2%
Colonie, NY	7,888	109	8.7%
Greenville, AL	7,896	82	17.8%

Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.