Smiths Station, Alabama Cost Of Living

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C+

Overall 5%

Goods & Services 3%

Housing 21%

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	Smiths Station	Alabama	National
Cost of living	95	89	100
Goods & Services	103	97	100
Groceries	104	96	100
Health care	98	91	100
Housing	79	72	100
Transportation	92	93	100
Utilities	104	102	100

Key findings

The cost of living in Smiths Station is 6% higher than the Alabama average
The cost of living in Smiths Station is 5% lower than the national average
Smiths Station housing is 21% 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	$58,387	$4,866	$1,362	$1,752
Renters	$34,646	$2,887	$808	$1,039

A good indicator of the general affordability of housing in Smiths Station, AL, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Smiths Station, the median monthly income is $58,387 for those who own their own homes. Under the standard rule, that income level would allow for $1,362 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $34,646, per the median income in the area. That would allow for renters to spend up to $808 on monthly rental expenses.

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	Smiths Station	National avg.	Difference
Haircut	$18.17	$18.62	2.5%
Beauty Salon	$35.11	$39.05	10.1%
Toothpaste	$2.40	$2.34	2.4%
Shampoo	$1.28	$1.06	21.5%
Movie	$12.16	$10.68	13.8%
Bowling	$18.33	$14.67	25.0%

Groceries

Item	Smiths Station	National avg.	Difference
Ground Beef	$4.80	$4.22	13.7%
Fried Chicken	$1.77	$1.39	27.9%
Milk	$1.80	$2.05	12.3%
Potatoes	$4.21	$3.29	28.1%
Pizza	$11.07	$10.62	4.2%
Beer	$9.76	$9.38	4.1%

Health Care

Item	Smiths Station	National avg.	Difference
Optometrist	$77.22	$108.57	28.9%
Doctor	$111.78	$116.17	3.8%
Dentist	$102.78	$99.13	3.7%
Ibuprofen	$9.43	$9.68	2.5%
Lipitor	$481.08	$466.92	3.0%

Housing

Item	Smiths Station	National avg.	Difference
Home Price	$134,500.00	$184,700.00	27.2%
Avg. Mortgage Payment	$974.83	$1,197.42	18.6%
Apartment Rent	$882.00	$949.00	7.1%

Transportation

Item	Smiths Station	National avg.	Difference
Gasoline	$1.99	$2.22	10.7%
Tire Balancing	$47.88	$50.07	4.4%

Utilities

Item	Smiths Station	National avg.	Difference
All Electricity	$179.77	$167.67	7.2%
Phone	$181.81	$175.64	3.5%

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.
Ladonia, AL	3,036	88	-12%
Phenix City, AL	36,990	92	-8%
Columbus, GA	200,303	95	-5%
Smiths Station, AL	5,235	95	-5%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Swartz, LA	5,235	86	-14%
Jonesborough, TN	5,234	94	-6%
Winfield, IN	5,233	118	18%
Glenwood, IA	5,233	89	-11%
Mount Hood Village, OR	5,231	117	17%
Smiths Station, AL	5,235	95	-5%

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