Margaret, AL Cost Of Living
Cost Of Living In Margaret, AL Summary
Cost of living in Margaret 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 Margaret 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 Margaret is 93, with 100 being the average.
The cost of living index in Margaret is 0.9x lower than the national average.
Margaret ranks as the #66 cheapest in Alabama out of 119.
Margaret ranks as the #1,658 cheapest out of 6,489 in the US.
The median home value in Margaret is $268,097.
The median income in Margaret is $97,075.
Table Of Contents
Margaret's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Margaret, AL?
According to the most recent data on the cost of living, Margaret has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.
Compared to Alabama, Margaret has a cost of living index that's 1.0x higher than Alabama's index of 90.
The standard of living in Margaret ranks as #66 most affordable out of the 119 places we measured in Alabama. By definition, that implies Margaret ranks as the #53 most expensive place in the Heart of Dixie.
For more reading on life in Margaret, check out:
In Alabama
In America
Margaret Cost Of Living Vs. Alabama
Six factors go into calculating the cost of living index in Margaret. Here is how it fairs on each of the criteria:
The Services index in Margaret is 99.
The Groceries index in Margaret is 99.
The Health index in Margaret is 93.
The Housing index in Margaret is 79.
The Transportation index in Margaret is 92.
The Utilities index in Margaret is 106.
| Living Expense | Margaret | Alabama | National Average | |
|---|---|---|---|---|
| Overall | 93 | 90 | 100 | |
| Services | 99 | 97 | 100 | |
| Groceries | 99 | 98 | 100 | |
| Health | 93 | 86 | 100 | |
| Housing | 79 | 74 | 100 | |
| Transportation | 92 | 93 | 100 | |
| Utilities | 106 | 102 | 100 | |
Margaret, 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 2019-2023. The key points are:
The Median Home Value in Margaret is $268,097.
The Median Rent in Margaret is $881.
The Median Income in Margaret is $97,075.
The Home Value To Income in Margaret is 2.8x.
The Rent To Monthly Income in Margaret is 0.11x.
Median Home Value
Median Rent
Median Income
Margaret, AL Costs By Category
Detailed Margaret Services Costs Vs. Alabama
Detailed Margaret Groceries Costs Vs. Alabama
Detailed Margaret Health Costs Vs. Alabama
Detailed Margaret Transportation Costs Vs. Alabama
Detailed Margaret Utilities Costs Vs. Alabama
Margaret SnackAbility
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Cost Of Living In Cities Around Margaret
The cost of living varies in the cities and towns around Margaret. Here's a quick look at the cost of living in the most populous nearby places:
Trussville, AL has a cost of living index of 109, 1.2x Margaret.
Mountain Brook, AL has a cost of living index of 161, 1.7x Margaret.
Center Point, AL has a cost of living index of 89, 1.0x Margaret.
| City | Population | Cost Of Living | Vs. Margaret |
|---|---|---|---|
| Trussville, AL | 26,182 | 109 | 1.2x |
| Mountain Brook, AL | 22,160 | 161 | 1.7x |
| Center Point, AL | 16,125 | 89 | 1.0x |
| Gardendale, AL | 16,110 | 100 | 1.1x |
| Irondale, AL | 13,462 | 96 | 1.0x |
| Moody, AL | 13,378 | 95 | 1.0x |
| Leeds, AL | 12,221 | 95 | 1.0x |
| Clay, AL | 10,288 | 96 | 1.0x |
| Pinson, AL | 7,851 | 92 | 1.0x |
| Grayson Valley, AL | 5,882 | 91 | 1.0x |
