Roanoke, AL Cost Of Living
Cost Of Living In Roanoke, AL Summary
Cost of living in Roanoke 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 Roanoke 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 Roanoke is 82, with 100 being the average.
The cost of living index in Roanoke is 0.8x lower than the national average.
Roanoke ranks as the #10 cheapest in Alabama out of 115.
Roanoke ranks as the #377 cheapest out of 6,412 in the US.
The median home value in Roanoke is $114,500.
The median income in Roanoke is $38,731.
Table Of Contents
Roanoke's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Roanoke, AL?
According to the most recent data on the cost of living, Roanoke has an overall cost of living index of 82, which is 0.8x lower than the national index of 100.
Compared to Alabama, Roanoke has a cost of living index that's 0.9x lower than Alabama's index of 88.
The standard of living in Roanoke ranks as #10 most affordable out of the 115 places we measured in Alabama. By definition, that implies Roanoke ranks as the #105 most expensive place in the Heart of Dixie.
For more reading on life in Roanoke, check out:
- Living In Roanoke
- Search Homes For Sale In Roanoke, AL
In Alabama
In America
Roanoke Cost Of Living Vs. Alabama
Six factors go into calculating the cost of living index in Roanoke. Here is how it fairs on each of the criteria:
The Services index in Roanoke is 97.
The Groceries index in Roanoke is 96.
The Health index in Roanoke is 102.
The Housing index in Roanoke is 47.
The Transportation index in Roanoke is 110.
The Utilities index in Roanoke is 86.
| Living Expense | Roanoke | Alabama | National Average | |
|---|---|---|---|---|
| Overall | 82 | 88 | 100 | |
| Services | 97 | 95 | 100 | |
| Groceries | 96 | 97 | 100 | |
| Health | 102 | 88 | 100 | |
| Housing | 47 | 69 | 100 | |
| Transportation | 110 | 90 | 100 | |
| Utilities | 86 | 101 | 100 | |
Roanoke, 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 Roanoke is $114,500.
The Median Rent in Roanoke is $598.
The Median Income in Roanoke is $38,731.
The Home Value To Income in Roanoke is 3.0x.
The Rent To Monthly Income in Roanoke is 0.19x.
| Statistic | Roanoke | Alabama | United States |
|---|---|---|---|
| Median Home Value | $114,500 | $157,100 | $244,900 |
| Median Rent | $598 | $852 | $1,163 |
| Median Income | $38,731 | $54,943 | $69,021 |
| Home Value To Income | 3.0x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Roanoke, AL Costs By Category
Detailed Roanoke Services Costs Vs. Alabama
Detailed Roanoke Groceries Costs Vs. Alabama
Detailed Roanoke Health Costs Vs. Alabama
Detailed Roanoke Transportation Costs Vs. Alabama
Detailed Roanoke Utilities Costs Vs. Alabama
Roanoke SnackAbility
/10
Cost Of Living In Cities Around Roanoke
The cost of living varies in the cities and towns around Roanoke. Here's a quick look at the cost of living in the most populous nearby places:
Newnan, GA has a cost of living index of 99, 1.2x Roanoke.
LaGrange, GA has a cost of living index of 88, 1.1x Roanoke.
Opelika, AL has a cost of living index of 96, 1.2x Roanoke.
| City | Population | Cost Of Living | Vs. Roanoke |
|---|---|---|---|
| Newnan, GA | 41,598 | 99 | 1.2x |
| LaGrange, GA | 31,053 | 88 | 1.1x |
| Opelika, AL | 30,810 | 96 | 1.2x |
| Carrollton, GA | 26,773 | 89 | 1.1x |
| Oxford, AL | 22,210 | 88 | 1.1x |
| Anniston, AL | 21,455 | 84 | 1.0x |
| Villa Rica, GA | 16,863 | 92 | 1.1x |
| Talladega, AL | 15,782 | 80 | 1.0x |
| Saks, AL | 10,504 | 83 | 1.0x |
| Bremen, GA | 7,066 | 89 | 1.1x |
