Cost of living in Millbrook 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 Millbrook 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 Millbrook is 92, with 100 being the average.
The cost of living index in Millbrook is 0.9x lower than the national average.
Millbrook ranks as the #68 cheapest in Alabama out of 115.
Millbrook ranks as the #1,974 cheapest out of 6,412 in the US.
The median home value in Millbrook is $161,300.
The median income in Millbrook is $59,084.
According to the most recent data on the cost of living, Millbrook has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to Alabama, Millbrook has a cost of living index that's 1.0x higher than Alabama's index of 88.
The standard of living in Millbrook ranks as #68 most affordable out of the 115 places we measured in Alabama. By definition, that implies Millbrook ranks as the #47 most expensive place in the Heart of Dixie.
For more reading on life in Millbrook, check out:
Six factors go into calculating the cost of living index in Millbrook. Here is how it fairs on each of the criteria:
The Services index in Millbrook is 93.
The Groceries index in Millbrook is 96.
The Health index in Millbrook is 81.
The Housing index in Millbrook is 83.
The Transportation index in Millbrook is 93.
The Utilities index in Millbrook is 102.
|Living Expense||Millbrook||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 Millbrook is $161,300.
The Median Rent in Millbrook is $908.
The Median Income in Millbrook is $59,084.
The Home Value To Income in Millbrook is 2.7x.
The Rent To Monthly Income in Millbrook is 0.18x.
|Median Home Value||$161,300||$157,100||$244,900|
|Home Value To Income||2.7x||2.9x||3.5x|
|Rent To Monthly Income||0.18x||0.19x||0.2x|
The cost of living varies in the cities and towns around Millbrook. 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, 0.9x Millbrook.
Prattville, AL has a cost of living index of 92, 1.0x Millbrook.
Selma, AL has a cost of living index of 81, 0.9x Millbrook.