A+
Overall 22%
Goods & Services 12%
Housing 51%
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.
IndexHoltAlabamaNational
Cost of living7889100
Goods & Services8898100
Groceries8896100
Health care8891100
Housing4972100
Transportation9291100
Utilities103103100

Key findings

  • The cost of living in Holt is 12% lower than the Alabama average
  • The cost of living in Holt is 22% lower than the national average
  • Holt housing is 51% 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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Compare Holt, AL Cost of Living

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      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$36,414$3,035$850$1,093
      Renters$21,250$1,771$496$638
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Holt, 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 Holt homeowners, is $36,414. This would allow for a maximum of $850 per month to be spent on housing costs. For renters, the median monthly income is $21,250 which would result in a maximum of $496 to be spent on rental 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

      ItemHoltNational 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

      ItemHoltNational 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

      ItemHoltNational 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

      ItemHoltNational avg.Difference
      Home Price $66,200.00$184,700.0064.2%
      Avg. Mortgage Payment $955.18$1,273.3225.0%
      Apartment Rent $760.00$949.0019.9%

      Transportation

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

      Utilities

      ItemHoltNational 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.
      Cottondale, AL3,54684-16%
      Brookwood, AL2,02986-14%
      Coaling, AL1,63787-13%
      Coker, AL81788-12%
      Vance, AL1,32589-11%
      Holt, AL3,72878-22%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Kaunakakai, HI3,72914242%
      Paloma Creek, TX3,7271000%
      Hampden, ME3,7271066%
      Forks, WA3,72997-3%
      Frackville, PA3,73081-19%
      Holt, AL3,72878-22%
      Source: The Holt, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.