Lanett, AL Cost Of Living
Cost Of Living In Lanett, AL Summary
Cost of living in Lanett 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 Lanett 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 Lanett is 81, with 100 being the average.
The cost of living index in Lanett is 0.8x lower than the national average.
Lanett ranks as the #6 cheapest in Alabama out of 115.
Lanett ranks as the #290 cheapest out of 6,412 in the US.
The median home value in Lanett is $95,500.
The median income in Lanett is $46,404.
Table Of Contents
Lanett's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Lanett, AL?
According to the most recent data on the cost of living, Lanett has an overall cost of living index of 81, which is 0.8x lower than the national index of 100.
Compared to Alabama, Lanett has a cost of living index that's 0.9x lower than Alabama's index of 88.
The standard of living in Lanett ranks as #6 most affordable out of the 115 places we measured in Alabama. By definition, that implies Lanett ranks as the #109 most expensive place in the Heart of Dixie.
For more reading on life in Lanett, check out:
- Living In Lanett
- Lanett Crime Report
- Search Homes For Sale In Lanett, AL
In Alabama
In America
Lanett Cost Of Living Vs. Alabama
Six factors go into calculating the cost of living index in Lanett. Here is how it fairs on each of the criteria:
The Services index in Lanett is 95.
The Groceries index in Lanett is 95.
The Health index in Lanett is 98.
The Housing index in Lanett is 51.
The Transportation index in Lanett is 113.
The Utilities index in Lanett is 87.
| Living Expense | Lanett | Alabama | National Average | |
|---|---|---|---|---|
| Overall | 81 | 88 | 100 | |
| Services | 95 | 95 | 100 | |
| Groceries | 95 | 97 | 100 | |
| Health | 98 | 88 | 100 | |
| Housing | 51 | 69 | 100 | |
| Transportation | 113 | 90 | 100 | |
| Utilities | 87 | 101 | 100 | |
Lanett, 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 Lanett is $95,500.
The Median Rent in Lanett is $672.
The Median Income in Lanett is $46,404.
The Home Value To Income in Lanett is 2.1x.
The Rent To Monthly Income in Lanett is 0.17x.
| Statistic | Lanett | Alabama | United States |
|---|---|---|---|
| Median Home Value | $95,500 | $157,100 | $244,900 |
| Median Rent | $672 | $852 | $1,163 |
| Median Income | $46,404 | $54,943 | $69,021 |
| Home Value To Income | 2.1x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Lanett, AL Costs By Category
Detailed Lanett Services Costs Vs. Alabama
Detailed Lanett Groceries Costs Vs. Alabama
Detailed Lanett Health Costs Vs. Alabama
Detailed Lanett Transportation Costs Vs. Alabama
Detailed Lanett Utilities Costs Vs. Alabama
Lanett SnackAbility
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Cost Of Living In Cities Around Lanett
The cost of living varies in the cities and towns around Lanett. Here's a quick look at the cost of living in the most populous nearby places:
Columbus, GA has a cost of living index of 95, 1.2x Lanett.
Auburn, AL has a cost of living index of 105, 1.3x Lanett.
Newnan, GA has a cost of living index of 99, 1.2x Lanett.
| City | Population | Cost Of Living | Vs. Lanett |
|---|---|---|---|
| Columbus, GA | 204,366 | 95 | 1.2x |
| Auburn, AL | 74,637 | 105 | 1.3x |
| Newnan, GA | 41,598 | 99 | 1.2x |
| LaGrange, GA | 31,053 | 88 | 1.1x |
| Opelika, AL | 30,810 | 96 | 1.2x |
| Valley, AL | 10,498 | 85 | 1.0x |
