| Index | Phenix City | Alabama | National |
| Cost of living | 90 | 89 | 100 |
| Groceries | 98 | 96 | 100 |
| Health care | 98 | 95 | 100 |
| Housing | 77 | 74 | 100 |
| Transportation | 94 | 95 | 100 |
| Utilities | 98 | 97 | 100 |
| Lifestyle & Entertainment | 90 | 94 | 100 |
| Household Items | 95 | 96 | 100 |
| Education & Childcare | 96 | 93 | 100 |
Knowing the cost of living in Phenix City allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Phenix City stands at 90, marking it 10% lower than the national average.
In Phenix City, daily expenses such as food, housing, lifestyle expenses, transportation and health care are in line with comparable areas and about average when compared to all cities across the nation. This ensures that the cost of living in Phenix City will resemble that of an average city, contributing to a manageable cost of living.
Is Phenix City affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Phenix City, the median home price is 27.3% lower than the national average and monthly rent prices are 13.9% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Phenix City boasting a median household income of $63,093, 22.4% lower than the national average.
Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Phenix City, healthcare costs are 2.5% lower than the national average.
Subsidies: Some cities and states may extend government subsidies or aid programs aimed at reducing the cost of living for their residents. These initiatives encompass diverse forms of support, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Regions with limited subsidy provisions may witness an increase in their overall cost of living.
Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In Phenix City, the general sales tax rate starts at 4%, and income tax rates begin at 2%.
The cost of living estimates displayed for Phenix City are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $82,819 | $6,902 | $1,932 | $2,485 |
| Renters | $41,990 | $3,499 | $980 | $1,260 |
| State | General Sales Tax | With Max Surtax |
| Alabama | 4% | 13.5% |
| State | Income Tax (Low) | Income Tax (High) |
| Alabama | 2% | 5% |
| City | Population | Cost of Living Index | National Avg. |
| Cusseta-Chattahoochee County, GA | 10,750 | 91 | 9.3% |
| Ladonia, AL | 3,715 | 88 | 11.8% |
| Columbus, GA | 201,240 | 96 | 3.9% |
| Smiths Station, AL | 5,954 | 94 | 6.5% |
| Phenix City, AL | 37,524 | 90 | 9.9% |
| City | Population | Cost of Living Index | National Avg. |
| Lewiston, ME | 37,532 | 97 | 2.9% |
| Holly Springs, NC | 37,538 | 124 | 23.8% |
| Portage, IN | 37,504 | 94 | 5.6% |
| Dunedin, FL | 37,553 | 108 | 8.4% |
| Bettendorf, IA | 37,477 | 103 | 3.2% |
| Phenix City, AL | 37,524 | 90 | 9.9% |
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