Cost of living in Tuscumbia 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 Tuscumbia 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 Tuscumbia is 85, with 100 being the average.
The cost of living index in Tuscumbia is 0.8x lower than the national average.
Tuscumbia ranks as the #23 cheapest in Alabama out of 115.
Tuscumbia ranks as the #777 cheapest out of 6,412 in the US.
The median home value in Tuscumbia is $121,400.
The median income in Tuscumbia is $42,692.
According to the most recent data on the cost of living, Tuscumbia has an overall cost of living index of 85, which is 0.8x lower than the national index of 100.
Compared to Alabama, Tuscumbia has a cost of living index that's 1.0x lower than Alabama's index of 88.
The standard of living in Tuscumbia ranks as #23 most affordable out of the 115 places we measured in Alabama. By definition, that implies Tuscumbia ranks as the #92 most expensive place in the Heart of Dixie.
For more reading on life in Tuscumbia, check out:
Six factors go into calculating the cost of living index in Tuscumbia. Here is how it fairs on each of the criteria:
The Services index in Tuscumbia is 94.
The Groceries index in Tuscumbia is 93.
The Health index in Tuscumbia is 78.
The Housing index in Tuscumbia is 57.
The Transportation index in Tuscumbia is 94.
The Utilities index in Tuscumbia is 99.
|Living Expense||Tuscumbia||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 Tuscumbia is $121,400.
The Median Rent in Tuscumbia is $730.
The Median Income in Tuscumbia is $42,692.
The Home Value To Income in Tuscumbia is 2.8x.
The Rent To Monthly Income in Tuscumbia is 0.21x.
|Median Home Value||$121,400||$157,100||$244,900|
|Home Value To Income||2.8x||2.9x||3.5x|
|Rent To Monthly Income||0.21x||0.19x||0.2x|
The cost of living varies in the cities and towns around Tuscumbia. Here's a quick look at the cost of living in the most populous nearby places:
Decatur, AL has a cost of living index of 88, 1.0x Tuscumbia.
Florence, AL has a cost of living index of 86, 1.0x Tuscumbia.
Athens, AL has a cost of living index of 90, 1.1x Tuscumbia.
|City||Population||Cost Of Living||Vs. Tuscumbia|
|Muscle Shoals, AL||15,969||89||1.0x|