Prichard cost of living index

Here we can see a simple outline of the cost of living in Prichard, AL. As you can see, with the average cost of living in Prichard, AL being 84, that puts it 6% lower than the average of Alabama and 16% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Prichard, AL, the price of goods and services are 1% higher than the average of Alabama as well as 3% lower than the nation's average.

Find Real Estate Listings In Prichard

New Real Estate Listings In Prichard

Real Estate Listings In Prichard

The best places in Alabama

Salary Calculator

The salary calculator is meant to help you compare your salary in Prichard, AL to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Prichard, AL, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Prichard, AL salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

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, AL 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

Alabama Income Tax

When you are determining the total cost of living in Prichard, AL you will want to make sure you consider both the Alabama sales tax and the Alabama income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Alabama is 4%, with the highest surtax being 13.5%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Alabama have a range from 2% to 5%.

Goods & Services

Groceries

Health Care

Housing

Transportation

Utilities

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

Cities with similar population

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