Tarrant, AL Cost Of Living
Cost Of Living In Tarrant, AL Summary
Cost of living in Tarrant 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 Tarrant 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 Tarrant is 85, with 100 being the average.
The cost of living index in Tarrant is 0.8x lower than the national average.
Tarrant ranks as the #23 cheapest in Alabama out of 115.
Tarrant ranks as the #777 cheapest out of 6,412 in the US.
The median home value in Tarrant is $92,300.
The median income in Tarrant is $36,927.
Table Of Contents
Tarrant's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Tarrant, AL?
According to the most recent data on the cost of living, Tarrant has an overall cost of living index of 85, which is 0.8x lower than the national index of 100.
Compared to Alabama, Tarrant has a cost of living index that's 1.0x lower than Alabama's index of 88.
The standard of living in Tarrant ranks as #23 most affordable out of the 115 places we measured in Alabama. By definition, that implies Tarrant ranks as the #92 most expensive place in the Heart of Dixie.
For more reading on life in Tarrant, check out:
- Living In Tarrant
- Search Homes For Sale In Tarrant, AL
In Alabama
In America
Tarrant Cost Of Living Vs. Alabama
Six factors go into calculating the cost of living index in Tarrant. Here is how it fairs on each of the criteria:
The Services index in Tarrant is 100.
The Groceries index in Tarrant is 93.
The Health index in Tarrant is 91.
The Housing index in Tarrant is 48.
The Transportation index in Tarrant is 97.
The Utilities index in Tarrant is 100.
| Living Expense | Tarrant | Alabama | National Average | |
|---|---|---|---|---|
| Overall | 85 | 88 | 100 | |
| Services | 100 | 95 | 100 | |
| Groceries | 93 | 97 | 100 | |
| Health | 91 | 88 | 100 | |
| Housing | 48 | 69 | 100 | |
| Transportation | 97 | 90 | 100 | |
| Utilities | 100 | 101 | 100 | |
Tarrant, 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 Tarrant is $92,300.
The Median Rent in Tarrant is $860.
The Median Income in Tarrant is $36,927.
The Home Value To Income in Tarrant is 2.5x.
The Rent To Monthly Income in Tarrant is 0.28x.
| Statistic | Tarrant | Alabama | United States |
|---|---|---|---|
| Median Home Value | $92,300 | $157,100 | $244,900 |
| Median Rent | $860 | $852 | $1,163 |
| Median Income | $36,927 | $54,943 | $69,021 |
| Home Value To Income | 2.5x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.28x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Tarrant, AL Costs By Category
Detailed Tarrant Services Costs Vs. Alabama
Detailed Tarrant Groceries Costs Vs. Alabama
Detailed Tarrant Health Costs Vs. Alabama
Detailed Tarrant Transportation Costs Vs. Alabama
Detailed Tarrant Utilities Costs Vs. Alabama
Tarrant SnackAbility
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Cost Of Living In Cities Around Tarrant
The cost of living varies in the cities and towns around Tarrant. Here's a quick look at the cost of living in the most populous nearby places:
Birmingham, AL has a cost of living index of 87, 1.0x Tarrant.
Bessemer, AL has a cost of living index of 84, 1.0x Tarrant.
Trussville, AL has a cost of living index of 106, 1.2x Tarrant.
| City | Population | Cost Of Living | Vs. Tarrant |
|---|---|---|---|
| Birmingham, AL | 202,234 | 87 | 1.0x |
| Bessemer, AL | 26,171 | 84 | 1.0x |
| Trussville, AL | 25,027 | 106 | 1.2x |
| Pelham, AL | 24,134 | 99 | 1.2x |
| Mountain Brook, AL | 22,184 | 145 | 1.7x |
| Hueytown, AL | 16,694 | 91 | 1.1x |
| Center Point, AL | 16,422 | 90 | 1.1x |
| Gardendale, AL | 15,920 | 95 | 1.1x |
| Irondale, AL | 13,457 | 91 | 1.1x |
| Moody, AL | 13,100 | 92 | 1.1x |
