Southside cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexSouthsideAlabamaNational
Cost of living index8989100
IndexSouthsideAlabamaNational
Goods & Services index8998100
Groceries index8596100
Health care index7991100
Housing index8272100
Transportation index8791100
Utilities index126103100
An overview of the general cost of living index for Southside, AL is displayed above for your reference. Residents in Southside, AL enjoy a cost of living index of 89. This index is equal to the Alabama average, and 11% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Southside, AL, the average cost of goods and services is 10% lower than it is in Alabama, and it is 12% lower than the national average.

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Did you know?

  • The cost of living in Southside is equal to the Alabama average.
  • The cost of living in Southside is 11% lower than the national average.
  • The cost of housing in Southside is 18% 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.

Compare Southside, AL Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Southside, AL to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Southside, AL, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Southside, AL salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$70,216$5,851$1,638$2,107
Renters$24,655$2,055$575$740
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Southside, 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 Southside, AL homeowners, is $70,216. This would allow for a maximum of $1,638 per month to be spent on housing costs. For renters, the median monthly income is $24,655 which would result in a maximum of $575 to be spent on rental costs.

Alabama Sales Tax

StateGeneral Sales TaxWith Max Surtax
Alabama4%13.5%

Alabama Income Tax

StateIncome Tax (Low)Income Tax (High)
Alabama2%5%
When assessing the complete cost of living in Southside, AL, the Alabama income tax and the Alabama sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Alabama maximum surtax is 13.5%, and the Alabama sales tax is 4%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 2% to 5% in Alabama.

Goods & Services

ItemSouthsideNational avg.Difference
Haircut $13.60$17.4922.2%
Beauty Salon $31.00$38.1718.8%
Toothpaste $1.84$2.3220.7%
Shampoo $0.85$1.0116.0%
Movie $9.25$10.7213.7%
Bowling $10.00$13.8627.9%

Groceries

ItemSouthsideNational avg.Difference
Ground Beef $3.53$3.909.5%
Fried Chicken $1.08$1.4022.6%
Milk $1.51$1.9623.0%
Potatoes $2.66$3.1816.4%
Pizza $10.49$10.390.9%
Beer $8.39$9.239.1%

Health Care

ItemSouthsideNational avg.Difference
Optometrist $77.60$106.3427.0%
Doctor $75.75$115.2534.3%
Dentist $72.25$98.3826.6%
Ibuprofen $9.47$9.262.3%
Lipitor $464.50$466.470.4%

Housing

ItemSouthsideNational avg.Difference
Home Price $153,400.00$184,700.0016.9%
Avg. Mortgage Payment $820.88$1,273.3235.5%
Apartment Rent $763.00$949.0019.6%

Transportation

ItemSouthsideNational avg.Difference
Gasoline $2.29$2.5911.5%
Tire Balancing $42.74$48.9012.6%

Utilities

ItemSouthsideNational avg.Difference
All Electricity$247.64$167.6047.8%
Phone $178.98$163.429.5%
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, StatePopulationCost of Living IndexNational Avg.
Bristow Cove, AL47573-27%
Ballplay, AL1,74875-25%
Egypt, AL88577-23%
Ridgeville, AL11477-23%
Attalla, AL5,93479-21%
Southside, AL8,56389-11%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Farmville, VA8,56290-10%
Congers, NY8,56214343%
Picture Rocks, AZ8,56291-9%
Medulla, FL8,56193-7%
Liberty Lake, WA8,5661099%
Southside, AL8,56389-11%
Source: The Southside, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.
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