Montevallo, AL Cost Of Living
Cost Of Living In Montevallo, AL Summary
Cost of living in Montevallo 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 Montevallo 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 Montevallo is 94, with 100 being the average.
The cost of living index in Montevallo is 0.9x lower than the national average.
Montevallo ranks as the #77 cheapest in Alabama out of 115.
Montevallo ranks as the #2,290 cheapest out of 6,412 in the US.
The median home value in Montevallo is $163,100.
The median income in Montevallo is $43,504.
Table Of Contents
Montevallo's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Montevallo, AL?
According to the most recent data on the cost of living, Montevallo has an overall cost of living index of 94, which is 0.9x lower than the national index of 100.
Compared to Alabama, Montevallo has a cost of living index that's 1.1x higher than Alabama's index of 88.
The standard of living in Montevallo ranks as #77 most affordable out of the 115 places we measured in Alabama. By definition, that implies Montevallo ranks as the #38 most expensive place in the Heart of Dixie.
For more reading on life in Montevallo, check out:
- Living In Montevallo
- Montevallo Crime Report
- Search Homes For Sale In Montevallo, AL
In Alabama
In America
Montevallo Cost Of Living Vs. Alabama
Six factors go into calculating the cost of living index in Montevallo. Here is how it fairs on each of the criteria:
The Services index in Montevallo is 99.
The Groceries index in Montevallo is 94.
The Health index in Montevallo is 92.
The Housing index in Montevallo is 80.
The Transportation index in Montevallo is 93.
The Utilities index in Montevallo is 103.
| Living Expense | Montevallo | Alabama | National Average | |
|---|---|---|---|---|
| Overall | 94 | 88 | 100 | |
| Services | 99 | 95 | 100 | |
| Groceries | 94 | 97 | 100 | |
| Health | 92 | 88 | 100 | |
| Housing | 80 | 69 | 100 | |
| Transportation | 93 | 90 | 100 | |
| Utilities | 103 | 101 | 100 | |
Montevallo, AL Housing Cost Breakdown
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 Montevallo is $163,100.
The Median Rent in Montevallo is $768.
The Median Income in Montevallo is $43,504.
The Home Value To Income in Montevallo is 3.7x.
The Rent To Monthly Income in Montevallo is 0.21x.
| Statistic | Montevallo | Alabama | United States |
|---|---|---|---|
| Median Home Value | $163,100 | $157,100 | $244,900 |
| Median Rent | $768 | $852 | $1,163 |
| Median Income | $43,504 | $54,943 | $69,021 |
| Home Value To Income | 3.7x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Montevallo, AL Costs By Category
Detailed Montevallo Services Costs Vs. Alabama
| Item | Montevallo | Alabama |
|---|---|---|
| Shampoo | $0.88 | $1.06 |
| Movie | $12.74 | $10.68 |
| Bowling | $15.0 | $14.67 |
| Haircut | $16.76 | $18.62 |
| Beauty Salon | $33.83 | $39.05 |
Detailed Montevallo Groceries Costs Vs. Alabama
| Item | Montevallo | Alabama |
|---|---|---|
| Ground Beef | $4.35 | $4.22 |
| Fried Chicken | $1.38 | $1.39 |
| Milk | $1.92 | $2.05 |
| Potatoes | $3.0 | $3.29 |
| Pizza | $9.76 | $10.62 |
| Beer | $9.12 | $9.38 |
| Toothpaste | $1.8 | $2.34 |
Detailed Montevallo Health Costs Vs. Alabama
| Item | Montevallo | Alabama |
|---|---|---|
| Optometrist | $95.8 | $108.57 |
| Doctor | $77.78 | $116.17 |
| Dentist | $106.79 | $99.13 |
Detailed Montevallo Transportation Costs Vs. Alabama
| Item | Montevallo | Alabama |
|---|---|---|
| Gasoline | $2.03 | $2.22 |
| Tire Balancing | $50.9 | $50.07 |
Detailed Montevallo Utilities Costs Vs. Alabama
| Item | Montevallo | Alabama |
|---|---|---|
| All Electricity | $172.23 | $167.67 |
| Phone | $181.81 | $175.64 |
Montevallo SnackAbility
/10
Cost Of Living In Cities Around Montevallo
The cost of living varies in the cities and towns around Montevallo. Here's a quick look at the cost of living in the most populous nearby places:
Hoover, AL has a cost of living index of 110, 1.2x Montevallo.
Alabaster, AL has a cost of living index of 98, 1.0x Montevallo.
Bessemer, AL has a cost of living index of 84, 0.9x Montevallo.
| City | Population | Cost Of Living | Vs. Montevallo |
|---|---|---|---|
| Hoover, AL | 91,371 | 110 | 1.2x |
| Alabaster, AL | 33,133 | 98 | 1.0x |
| Bessemer, AL | 26,171 | 84 | 0.9x |
| Pelham, AL | 24,134 | 99 | 1.1x |
| Helena, AL | 20,680 | 102 | 1.1x |
| Calera, AL | 16,126 | 97 | 1.0x |
| Chelsea, AL | 14,710 | 107 | 1.1x |
