Lake View, Alabama Cost Of Living

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C

Overall 2%

Goods & Services 12%

Housing 16%

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.
Index	Lake View	Alabama	National
Cost of living	98	89	100
Goods & Services	88	98	100
Groceries	88	96	100
Health care	88	91	100
Housing	116	72	100
Transportation	92	91	100
Utilities	103	103	100

Key findings

The cost of living in Lake View is 10% higher than the Alabama average
The cost of living in Lake View is 2% lower than the national average
Lake View housing is 16% higher 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	$81,042	$6,754	$1,891	$2,432
Renters	$47,404	$3,950	$1,106	$1,422

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	Lake View	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	Lake View	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	Lake View	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	Lake View	National avg.	Difference
Home Price	$188,200.00	$184,700.00	1.9%
Avg. Mortgage Payment	$955.18	$1,273.32	25.0%
Apartment Rent	$1,420.00	$949.00	49.6%

Transportation

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

Utilities

Item	Lake View	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.

Nearby cities with low cost of living

City, State	Population	Cost of Living Index	National Avg.
Brantleyville, AL	1,110	73	-27%
Lipscomb, AL	2,437	75	-25%
North Johns, AL	252	76	-24%
Brighton, AL	2,868	77	-23%
West Blocton, AL	1,334	77	-23%
Lake View, AL	2,801	98	-2%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Wolf Point, MT	2,801	90	-10%
McLeansboro, IL	2,801	81	-19%
Koloa, HI	2,800	172	72%
Meeker, CO	2,803	103	3%
Wimberley, TX	2,799	104	4%
Lake View, AL	2,801	98	-2%

Source: The Lake View, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Lake View, AL Cost of Living

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