Cost of living in Arab research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Arab is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Alabama, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Arab is 90, with 100 being the average.
The cost of living index in Arab is 0.9x lower than the national average.
Arab ranks as the #57 cheapest in Alabama out of 115.
Arab ranks as the #1,633 cheapest out of 6,412 in the US.
The median home value in Arab is $158,000.
The median income in Arab is $50,321.
According to the most recent data on the cost of living, Arab has an overall cost of living index of 90, which is 0.9x lower than the national index of 100.
Compared to Alabama, Arab has a cost of living index that's 1.0x higher than Alabama's index of 88.
The standard of living in Arab ranks as #57 most affordable out of the 115 places we measured in Alabama. By definition, that implies Arab ranks as the #58 most expensive place in the Heart of Dixie.
For more reading on life in Arab, check out:
Six factors go into calculating the cost of living index in Arab. Here is how it fairs on each of the criteria:
The Services index in Arab is 106.
The Groceries index in Arab is 99.
The Health index in Arab is 99.
The Housing index in Arab is 75.
The Transportation index in Arab is 97.
The Utilities index in Arab is 98.
Living Expense | Arab | Alabama | National Average | |
---|---|---|---|---|
Overall | 90 | 88 | 100 | |
Services | 106 | 95 | 100 | |
Groceries | 99 | 97 | 100 | |
Health | 99 | 88 | 100 | |
Housing | 75 | 69 | 100 | |
Transportation | 97 | 90 | 100 | |
Utilities | 98 | 101 | 100 |
Housing swings affordability the most between places in Alabama, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Arab is $158,000.
The Median Rent in Arab is $632.
The Median Income in Arab is $50,321.
The Home Value To Income in Arab is 3.1x.
The Rent To Monthly Income in Arab is 0.15x.
Statistic | Arab | Alabama | United States |
---|---|---|---|
Median Home Value | $158,000 | $157,100 | $244,900 |
Median Rent | $632 | $852 | $1,163 |
Median Income | $50,321 | $54,943 | $69,021 |
Home Value To Income | 3.1x | 2.9x | 3.5x |
Rent To Monthly Income | 0.15x | 0.19x | 0.2x |
The cost of living varies in the cities and towns around Arab. Here's a quick look at the cost of living in the most populous nearby places:
Huntsville, AL has a cost of living index of 98, 1.1x Arab.
Decatur, AL has a cost of living index of 88, 1.0x Arab.
Gadsden, AL has a cost of living index of 81, 0.9x Arab.
City | Population | Cost Of Living | Vs. Arab |
---|---|---|---|
Huntsville, AL | 210,081 | 98 | 1.1x |
Decatur, AL | 57,303 | 88 | 1.0x |
Gadsden, AL | 34,317 | 81 | 0.9x |
Athens, AL | 25,213 | 90 | 1.0x |
Albertville, AL | 22,268 | 89 | 1.0x |
Cullman, AL | 17,892 | 88 | 1.0x |
Center Point, AL | 16,422 | 90 | 1.0x |
Scottsboro, AL | 15,446 | 92 | 1.0x |
Hartselle, AL | 15,308 | 87 | 1.0x |
Fort Payne, AL | 14,730 | 85 | 0.9x |