Cost of living in Southside 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 Southside 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 Southside is 92, with 100 being the average.
The cost of living index in Southside is 0.9x lower than the national average.
Southside ranks as the #68 cheapest in Alabama out of 115.
Southside ranks as the #1,974 cheapest out of 6,412 in the US.
The median home value in Southside is $161,400.
The median income in Southside is $66,692.
According to the most recent data on the cost of living, Southside has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to Alabama, Southside has a cost of living index that's 1.0x higher than Alabama's index of 88.
The standard of living in Southside ranks as #68 most affordable out of the 115 places we measured in Alabama. By definition, that implies Southside ranks as the #47 most expensive place in the Heart of Dixie.
For more reading on life in Southside, check out:
Six factors go into calculating the cost of living index in Southside. Here is how it fairs on each of the criteria:
The Services index in Southside is 90.
The Groceries index in Southside is 89.
The Health index in Southside is 82.
The Housing index in Southside is 80.
The Transportation index in Southside is 88.
The Utilities index in Southside is 125.
Living Expense | Southside | Alabama | National Average | |
---|---|---|---|---|
Overall | 92 | 88 | 100 | |
Services | 90 | 95 | 100 | |
Groceries | 89 | 97 | 100 | |
Health | 82 | 88 | 100 | |
Housing | 80 | 69 | 100 | |
Transportation | 88 | 90 | 100 | |
Utilities | 125 | 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 Southside is $161,400.
The Median Rent in Southside is $999.
The Median Income in Southside is $66,692.
The Home Value To Income in Southside is 2.4x.
The Rent To Monthly Income in Southside is 0.18x.
Statistic | Southside | Alabama | United States |
---|---|---|---|
Median Home Value | $161,400 | $157,100 | $244,900 |
Median Rent | $999 | $852 | $1,163 |
Median Income | $66,692 | $54,943 | $69,021 |
Home Value To Income | 2.4x | 2.9x | 3.5x |
Rent To Monthly Income | 0.18x | 0.19x | 0.2x |
The cost of living varies in the cities and towns around Southside. Here's a quick look at the cost of living in the most populous nearby places:
Gadsden, AL has a cost of living index of 81, 0.9x Southside.
Oxford, AL has a cost of living index of 88, 1.0x Southside.
Anniston, AL has a cost of living index of 84, 0.9x Southside.
City | Population | Cost Of Living | Vs. Southside |
---|---|---|---|
Gadsden, AL | 34,317 | 81 | 0.9x |
Oxford, AL | 22,210 | 88 | 1.0x |
Anniston, AL | 21,455 | 84 | 0.9x |
Talladega, AL | 15,782 | 80 | 0.9x |
Fort Payne, AL | 14,730 | 85 | 0.9x |
Irondale, AL | 13,457 | 91 | 1.0x |
Moody, AL | 13,100 | 92 | 1.0x |
Jacksonville, AL | 13,076 | 86 | 0.9x |
Saks, AL | 10,504 | 83 | 0.9x |
Cedartown, GA | 10,091 | 82 | 0.9x |