Lake View, AL Cost Of Living

Lake View 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	Lake View	Alabama	National
Cost of living index	100	89	100
Index	Lake View	Alabama	National
Goods & Services index	92	96	100
Groceries index	96	97	100
Health care index	84	86	100
Housing index	116	72	100
Transportation index	91	91	100
Utilities index	101	108	100

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The cost of living in Lake View is 12% higher than the Alabama average.
The cost of living in Lake View is equal to the national average.
The cost of housing in Lake View is 16% higher 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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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	$15.33	$16.09	4.7%
Beauty Salon	$34.18	$37.33	8.4%
Toothpaste	$3.52	$2.45	43.7%
Shampoo	$0.84	$1.00	16.0%
Movie	$10.49	$10.28	2.1%
Bowling	$5.28	$4.93	7.1%

Groceries

Item	Lake View	National avg.	Difference
Ground Beef	$4.01	$3.80	5.4%
Fried Chicken	$1.26	$1.40	9.6%
Milk	$2.26	$2.01	12.4%
Potatoes	$5.16	$3.01	71.4%
Pizza	$8.49	$9.89	14.1%
Beer	$8.14	$8.90	8.6%

Health Care

Item	Lake View	National avg.	Difference
Optometrist	$116.33	$102.16	13.9%
Doctor	$86.11	$108.36	20.5%
Dentist	$71.22	$92.53	23.0%
Ibuprofen	$5.96	$9.28	35.8%
Lipitor	$432.03	$425.82	1.5%

Housing

Item	Lake View	National avg.	Difference
Home Price	$188,200.00	$184,700.00	1.9%
Avg. Mortgage Payment	$972.83	$1,202.44	19.1%
Apartment Rent	$1,420.00	$949.00	49.6%

Transportation

Item	Lake View	National avg.	Difference
Gasoline	$2.01	$2.24	10.3%
Tire Balancing	$43.49	$46.29	6.1%

Utilities

Item	Lake View	National avg.	Difference
All Electricity	$190.76	$165.96	14.9%
Phone	$24.33	$28.68	15.2%

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	74	-26%
Lipscomb, AL	2,437	77	-23%
North Johns, AL	252	78	-22%
Brighton, AL	2,868	79	-21%
West Blocton, AL	1,334	79	-21%
Lake View, AL	2,801	100	0%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Wolf Point, MT	2,801	90	-10%
McLeansboro, IL	2,801	78	-22%
Koloa, HI	2,800	174	74%
Charleston, AR	2,799	82	-18%
Wimberley, TX	2,799	104	4%
Lake View, AL	2,801	100	0%

Source: The Lake View, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Lake View, AL Cost of Living