Cost of Living in Margaret, AL

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9%
Overall NAT. AVG.
2%
Groceries NAT. AVG.
22%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Margaret Alabama National
Cost of living9189100
Groceries9896100
Health care9995100
Housing7874100
Transportation9895100
Utilities9597100
Lifestyle & Entertainment9694100
Household Items9696100
Education & Childcare9693100
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Homes For Sale In Margaret, AL

property for sale

675 Rocky Ridge Rd

Odenville, AL
property for sale

The McGinnis Sterling Grove DR

Odenville, AL
property for sale

The Harrington Sterling Grove DR

Odenville, AL
property for sale

The Caldwell Sterling Grove DR

Odenville, AL

Cost Of Living Quick Facts

  • The cost of living in Margaret is 3% higher than the Alabama average
  • The cost of living in Margaret is 9% lower than the national average
  • Margaret housing is 22% lower than the national average
  • Alabama general sales tax is 22% lower than the national average
  • Alabama state income tax is 23% lower than the national average

Most Affordable Places to Live in and Around Margaret

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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$90,447$7,537$2,110$2,714
      Renters$61,447$5,121$1,434$1,844
      A good way to judge both the affordability of the housing and the cost of living in Margaret is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Margaret has a median income of about $90,447 for people who own homes. Based on that number, a maximum of $2,110 should be spent on expenses related to housing. Renters have a slightly different median income, which is $61,447. Based on this average, renters should spend no more than $1,434 on all rental costs if they want to maintain a non-impoverished standard of living.

      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%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      County Line, AL3088514.6%
      Center Point, AL16,5008812.3%
      Grayson Valley, AL6,0338910.5%
      Vandiver, AL9408911.5%
      Odenville, AL3,801919.0%
      Margaret, AL5,011918.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Porter, IN5,0121021.7%
      Mayfair, CA5,01411212.2%
      Eagar, AZ5,015981.7%
      Connerton, FL5,00611717.0%
      Island Park, NY5,00614343.0%
      Margaret, AL5,011918.7%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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