Cost of living in Boaz 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 Boaz 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 Boaz is 82, with 100 being the average.
The cost of living index in Boaz is 0.8x lower than the national average.
Boaz ranks as the #10 cheapest in Alabama out of 115.
Boaz ranks as the #377 cheapest out of 6,412 in the US.
The median home value in Boaz is $114,800.
The median income in Boaz is $40,732.
According to the most recent data on the cost of living, Boaz has an overall cost of living index of 82, which is 0.8x lower than the national index of 100.
Compared to Alabama, Boaz has a cost of living index that's 0.9x lower than Alabama's index of 88.
The standard of living in Boaz ranks as #10 most affordable out of the 115 places we measured in Alabama. By definition, that implies Boaz ranks as the #105 most expensive place in the Heart of Dixie.
For more reading on life in Boaz, check out:
Six factors go into calculating the cost of living index in Boaz. Here is how it fairs on each of the criteria:
The Services index in Boaz is 91.
The Groceries index in Boaz is 87.
The Health index in Boaz is 80.
The Housing index in Boaz is 61.
The Transportation index in Boaz is 89.
The Utilities index in Boaz is 127.
|Living Expense||Boaz||Alabama||National Average|
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 Boaz is $114,800.
The Median Rent in Boaz is $573.
The Median Income in Boaz is $40,732.
The Home Value To Income in Boaz is 2.8x.
The Rent To Monthly Income in Boaz is 0.17x.
|Median Home Value||$114,800||$157,100||$244,900|
|Home Value To Income||2.8x||2.9x||3.5x|
|Rent To Monthly Income||0.17x||0.19x||0.2x|
The cost of living varies in the cities and towns around Boaz. Here's a quick look at the cost of living in the most populous nearby places:
Huntsville, AL has a cost of living index of 98, 1.2x Boaz.
Gadsden, AL has a cost of living index of 81, 1.0x Boaz.
Albertville, AL has a cost of living index of 89, 1.1x Boaz.
|City||Population||Cost Of Living||Vs. Boaz|
|Fort Payne, AL||14,730||85||1.0x|