Malvern, Alabama Cost Of Living

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Overall 16%

Goods & Services 3%

Housing 54%

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	Malvern	Alabama	National
Cost of living	84	88	100
Goods & Services	103	94	100
Groceries	108	98	100
Health care	98	91	100
Housing	46	72	100
Transportation	92	93	100
Utilities	90	101	100

Key findings

The cost of living in Malvern is 5% lower than the Alabama average
The cost of living in Malvern is 16% lower than the national average
Malvern housing is 54% 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	$31,250	$2,604	$729	$938
Renters	$38,438	$3,203	$897	$1,153

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	Malvern	National avg.	Difference
Haircut	$17.00	$20.27	16.1%
Beauty Salon	$49.67	$40.39	23.0%
Toothpaste	$2.27	$2.36	3.6%
Shampoo	$1.00	$1.08	7.1%
Movie	$13.07	$10.99	19.0%
Bowling	$18.00	$15.49	16.2%

Groceries

Item	Malvern	National avg.	Difference
Ground Beef	$4.40	$4.30	2.3%
Fried Chicken	$1.48	$1.40	6.0%
Milk	$2.47	$2.20	12.0%
Potatoes	$3.39	$3.22	5.4%
Pizza	$10.41	$10.74	3.1%
Beer	$10.17	$9.60	5.9%

Health Care

Item	Malvern	National avg.	Difference
Optometrist	$86.07	$109.73	21.6%
Doctor	$113.51	$118.34	4.1%
Dentist	$98.78	$100.94	2.1%
Ibuprofen	$10.57	$9.93	6.4%
Lipitor	$500.68	$469.53	6.6%

Housing

Item	Malvern	National avg.	Difference
Home Price	$71,600.00	$184,700.00	61.2%
Avg. Mortgage Payment	$858.27	$1,229.62	30.2%
Apartment Rent	$587.00	$949.00	38.1%

Transportation

Item	Malvern	National avg.	Difference
Gasoline	$2.52	$2.71	7.0%
Tire Balancing	$46.39	$51.86	10.5%

Utilities

Item	Malvern	National avg.	Difference
All Electricity	$142.23	$170.84	16.7%
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.
Madrid, AL	411	81	18.7%
Napier Field, AL	512	81	18.6%
Noma, FL	224	82	18.2%
Cottonwood, AL	1,316	83	17.4%
Slocomb, AL	1,589	83	17.1%
Malvern, AL	1,785	84	16.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Holley, NY	1,785	87	13.4%
Englewood, TN	1,785	74	25.7%
Wind Point, WI	1,785	116	15.7%
Saint-Stanislas-de-Kostka, QC	1,785	n/a
Littlerock, CA	1,786	107	7.1%
Malvern, AL	1,785	84	16.1%

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