Hoover, AL Cost Of Living
Cost Of Living In Hoover, AL Summary
Cost of living in Hoover 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 Hoover 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 Hoover is 110, with 100 being the average.
The cost of living index in Hoover is 1.1x higher than the national average.
Hoover ranks as the #109 cheapest in Alabama out of 115.
Hoover ranks as the #4,128 cheapest out of 6,412 in the US.
The median home value in Hoover is $316,700.
The median income in Hoover is $95,970.
Table Of Contents
Hoover's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Hoover, AL?
According to the most recent data on the cost of living, Hoover has an overall cost of living index of 110, which is 1.1x higher than the national index of 100.
Compared to Alabama, Hoover has a cost of living index that's 1.2x higher than Alabama's index of 88.
The standard of living in Hoover ranks as #109 most affordable out of the 115 places we measured in Alabama. By definition, that implies Hoover ranks as the #6 most expensive place in the Heart of Dixie.
For more reading on life in Hoover, check out:
- Living In Hoover
- Hoover Crime Report
- Search Homes For Sale In Hoover, AL
In Alabama
In America
Hoover Cost Of Living Vs. Alabama
Six factors go into calculating the cost of living index in Hoover. Here is how it fairs on each of the criteria:
The Services index in Hoover is 102.
The Groceries index in Hoover is 92.
The Health index in Hoover is 92.
The Housing index in Hoover is 133.
The Transportation index in Hoover is 96.
The Utilities index in Hoover is 102.
| Living Expense | Hoover | Alabama | National Average | |
|---|---|---|---|---|
| Overall | 110 | 88 | 100 | |
| Services | 102 | 95 | 100 | |
| Groceries | 92 | 97 | 100 | |
| Health | 92 | 88 | 100 | |
| Housing | 133 | 69 | 100 | |
| Transportation | 96 | 90 | 100 | |
| Utilities | 102 | 101 | 100 | |
Hoover, 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 Hoover is $316,700.
The Median Rent in Hoover is $1,217.
The Median Income in Hoover is $95,970.
The Home Value To Income in Hoover is 3.3x.
The Rent To Monthly Income in Hoover is 0.15x.
| Statistic | Hoover | Alabama | United States |
|---|---|---|---|
| Median Home Value | $316,700 | $157,100 | $244,900 |
| Median Rent | $1,217 | $852 | $1,163 |
| Median Income | $95,970 | $54,943 | $69,021 |
| Home Value To Income | 3.3x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.15x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Hoover, AL Costs By Category
Detailed Hoover Services Costs Vs. Alabama
Detailed Hoover Groceries Costs Vs. Alabama
Detailed Hoover Health Costs Vs. Alabama
Detailed Hoover Transportation Costs Vs. Alabama
Detailed Hoover Utilities Costs Vs. Alabama
Hoover SnackAbility
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Cost Of Living In Cities Around Hoover
The cost of living varies in the cities and towns around Hoover. 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, 0.8x Hoover.
Vestavia Hills, AL has a cost of living index of 117, 1.1x Hoover.
Homewood, AL has a cost of living index of 112, 1.0x Hoover.
| City | Population | Cost Of Living | Vs. Hoover |
|---|---|---|---|
| Birmingham, AL | 202,234 | 87 | 0.8x |
| Vestavia Hills, AL | 38,504 | 117 | 1.1x |
| Homewood, AL | 26,206 | 112 | 1.0x |
| Bessemer, AL | 26,171 | 84 | 0.8x |
| Pelham, AL | 24,134 | 99 | 0.9x |
| Mountain Brook, AL | 22,184 | 145 | 1.3x |
| Helena, AL | 20,680 | 102 | 0.9x |
| Hueytown, AL | 16,694 | 91 | 0.8x |
| Center Point, AL | 16,422 | 90 | 0.8x |
| Calera, AL | 16,126 | 97 | 0.9x |
