Pike Road, AL Cost Of Living
Cost Of Living In Pike Road, AL Summary
Cost of living in Pike Road 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 Pike Road 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 Pike Road is 105, with 100 being the average.
The cost of living index in Pike Road is 1.1x higher than the national average.
Pike Road ranks as the #100 cheapest in Alabama out of 115.
Pike Road ranks as the #3,676 cheapest out of 6,412 in the US.
The median home value in Pike Road is $308,500.
The median income in Pike Road is $109,537.
Table Of Contents
Pike Road's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Pike Road, AL?
According to the most recent data on the cost of living, Pike Road has an overall cost of living index of 105, which is 1.1x higher than the national index of 100.
Compared to Alabama, Pike Road has a cost of living index that's 1.2x higher than Alabama's index of 88.
The standard of living in Pike Road ranks as #100 most affordable out of the 115 places we measured in Alabama. By definition, that implies Pike Road ranks as the #15 most expensive place in the Heart of Dixie.
For more reading on life in Pike Road, check out:
- Living In Pike Road
- Search Homes For Sale In Pike Road, AL
In Alabama
In America
Pike Road Cost Of Living Vs. Alabama
Six factors go into calculating the cost of living index in Pike Road. Here is how it fairs on each of the criteria:
The Services index in Pike Road is 93.
The Groceries index in Pike Road is 96.
The Health index in Pike Road is 85.
The Housing index in Pike Road is 129.
The Transportation index in Pike Road is 91.
The Utilities index in Pike Road is 100.
| Living Expense | Pike Road | Alabama | National Average | |
|---|---|---|---|---|
| Overall | 105 | 88 | 100 | |
| Services | 93 | 95 | 100 | |
| Groceries | 96 | 97 | 100 | |
| Health | 85 | 88 | 100 | |
| Housing | 129 | 69 | 100 | |
| Transportation | 91 | 90 | 100 | |
| Utilities | 100 | 101 | 100 | |
Pike Road, 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 Pike Road is $308,500.
The Median Rent in Pike Road is $1,367.
The Median Income in Pike Road is $109,537.
The Home Value To Income in Pike Road is 2.8x.
The Rent To Monthly Income in Pike Road is 0.15x.
| Statistic | Pike Road | Alabama | United States |
|---|---|---|---|
| Median Home Value | $308,500 | $157,100 | $244,900 |
| Median Rent | $1,367 | $852 | $1,163 |
| Median Income | $109,537 | $54,943 | $69,021 |
| Home Value To Income | 2.8x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.15x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Pike Road, AL Costs By Category
Detailed Pike Road Services Costs Vs. Alabama
Detailed Pike Road Groceries Costs Vs. Alabama
Detailed Pike Road Health Costs Vs. Alabama
Detailed Pike Road Transportation Costs Vs. Alabama
Detailed Pike Road Utilities Costs Vs. Alabama
Pike Road SnackAbility
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Cost Of Living In Cities Around Pike Road
The cost of living varies in the cities and towns around Pike Road. 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, 0.8x Pike Road.
Auburn, AL has a cost of living index of 105, 1.0x Pike Road.
Prattville, AL has a cost of living index of 92, 0.9x Pike Road.
| City | Population | Cost Of Living | Vs. Pike Road |
|---|---|---|---|
| Montgomery, AL | 201,022 | 86 | 0.8x |
| Auburn, AL | 74,637 | 105 | 1.0x |
| Prattville, AL | 37,977 | 92 | 0.9x |
| Opelika, AL | 30,810 | 96 | 0.9x |
| Troy, AL | 17,765 | 87 | 0.8x |
| Millbrook, AL | 16,675 | 92 | 0.9x |
| Wetumpka, AL | 7,025 | 87 | 0.8x |
