Prichard, Alabama Cost Of Living

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B+

Overall 14%

Goods & Services 7%

Housing 53%

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	Prichard	Alabama	National
Cost of living	86	89	100
Goods & Services	107	98	100
Groceries	101	96	100
Health care	109	91	100
Housing	47	72	100
Transportation	94	91	100
Utilities	102	103	100

Key findings

The cost of living in Prichard is 3% lower than the Alabama average
The cost of living in Prichard is 14% lower than the national average
Prichard housing is 53% lower 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	$39,605	$3,300	$924	$1,188
Renters	$14,886	$1,241	$347	$447

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Prichard, AL, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Prichard homeowners, is $39,605. This would allow for a maximum of $924 per month to be spent on housing costs. For renters, the median monthly income is $14,886 which would result in a maximum of $347 to be spent on rental costs.

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	Prichard	National avg.	Difference
Haircut	$15.00	$17.49	14.2%
Beauty Salon	$37.75	$38.17	1.1%
Toothpaste	$1.71	$2.32	26.3%
Shampoo	$0.83	$1.01	18.0%
Movie	$12.51	$10.72	16.7%
Bowling	$18.00	$13.86	29.9%

Groceries

Item	Prichard	National avg.	Difference
Ground Beef	$4.58	$3.90	17.4%
Fried Chicken	$1.28	$1.40	8.3%
Milk	$2.40	$1.96	22.3%
Potatoes	$4.20	$3.18	32.0%
Pizza	$9.79	$10.39	5.8%
Beer	$9.47	$9.23	2.6%

Health Care

Item	Prichard	National avg.	Difference
Optometrist	$134.60	$106.34	26.6%
Doctor	$117.00	$115.25	1.5%
Dentist	$113.50	$98.38	15.4%
Ibuprofen	$9.98	$9.26	7.8%
Lipitor	$493.71	$466.47	5.8%

Housing

Item	Prichard	National avg.	Difference
Home Price	$64,500.00	$184,700.00	65.1%
Avg. Mortgage Payment	$890.75	$1,273.32	30.0%
Apartment Rent	$708.00	$949.00	25.4%

Transportation

Item	Prichard	National avg.	Difference
Gasoline	$2.41	$2.59	7.2%
Tire Balancing	$47.74	$48.90	2.4%

Utilities

Item	Prichard	National avg.	Difference
All Electricity	$174.87	$167.60	4.3%
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.
Chunchula, AL	192	104	4%
Chickasaw, AL	5,955	89	-11%
Axis, AL	992	91	-9%
Tillmans Corner, AL	18,620	92	-8%
Theodore, AL	6,221	93	-7%
Prichard, AL	22,340	86	-14%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Auburn Hills, MI	22,342	94	-6%
Chalmette, LA	22,345	92	-8%
Ramona, CA	22,346	135	35%
Hopewell, VA	22,332	91	-9%
Brent, FL	22,319	86	-14%
Prichard, AL	22,340	86	-14%

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