Cost of living in Wetumpka 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 Wetumpka 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 Wetumpka is 87, with 100 being the average.
The cost of living index in Wetumpka is 0.9x lower than the national average.
Wetumpka ranks as the #39 cheapest in Alabama out of 115.
Wetumpka ranks as the #1,101 cheapest out of 6,412 in the US.
The median home value in Wetumpka is $160,300.
The median income in Wetumpka is $49,146.
According to the most recent data on the cost of living, Wetumpka has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to Alabama, Wetumpka has a cost of living index that's 1.0x lower than Alabama's index of 88.
The standard of living in Wetumpka ranks as #39 most affordable out of the 115 places we measured in Alabama. By definition, that implies Wetumpka ranks as the #76 most expensive place in the Heart of Dixie.
For more reading on life in Wetumpka, check out:
Six factors go into calculating the cost of living index in Wetumpka. Here is how it fairs on each of the criteria:
The Services index in Wetumpka is 94.
The Groceries index in Wetumpka is 95.
The Health index in Wetumpka is 83.
The Housing index in Wetumpka is 79.
The Transportation index in Wetumpka is 91.
The Utilities index in Wetumpka is 102.
Living Expense | Wetumpka | Alabama | National Average | |
---|---|---|---|---|
Overall | 87 | 88 | 100 | |
Services | 94 | 95 | 100 | |
Groceries | 95 | 97 | 100 | |
Health | 83 | 88 | 100 | |
Housing | 79 | 69 | 100 | |
Transportation | 91 | 90 | 100 | |
Utilities | 102 | 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 Wetumpka is $160,300.
The Median Rent in Wetumpka is $899.
The Median Income in Wetumpka is $49,146.
The Home Value To Income in Wetumpka is 3.3x.
The Rent To Monthly Income in Wetumpka is 0.22x.
Statistic | Wetumpka | Alabama | United States |
---|---|---|---|
Median Home Value | $160,300 | $157,100 | $244,900 |
Median Rent | $899 | $852 | $1,163 |
Median Income | $49,146 | $54,943 | $69,021 |
Home Value To Income | 3.3x | 2.9x | 3.5x |
Rent To Monthly Income | 0.22x | 0.19x | 0.2x |
The cost of living varies in the cities and towns around Wetumpka. Here's a quick look at the cost of living in the most populous nearby places:
Montgomery, AL has a cost of living index of 86, 1.0x Wetumpka.
Auburn, AL has a cost of living index of 105, 1.2x Wetumpka.
Prattville, AL has a cost of living index of 92, 1.1x Wetumpka.
City | Population | Cost Of Living | Vs. Wetumpka |
---|---|---|---|
Montgomery, AL | 201,022 | 86 | 1.0x |
Auburn, AL | 74,637 | 105 | 1.2x |
Prattville, AL | 37,977 | 92 | 1.1x |
Opelika, AL | 30,810 | 96 | 1.1x |
Selma, AL | 18,429 | 81 | 0.9x |
Millbrook, AL | 16,675 | 92 | 1.1x |
Sylacauga, AL | 12,512 | 90 | 1.0x |