Alabama comes in on the low end of the scale. You’ll need $39,920 a year, or $3,326 a month, to afford the median rent in Alabama ($998) and adhere to the 30 percent threshold guide.
Contents
What is a livable wage in Alabama?
Living Wage Calculation for Alabama
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 3 Children | |
| Living Wage | $13.77 | $31.99 |
| Poverty Wage | $6.13 | $14.75 |
| Minimum Wage | $7.25 | $7.25 |
Is Alabama an expensive state?
Living in Alabama is less expensive than it is on average across the U.S. as a whole. According to data from the Bureau of Economic Analysis, goods and services in the state cost 13.6% less than they do on average nationwide. Compared with all other states, Alabama has the third lowest overall cost of living.
Can you survive on $17 an hour?
Only 20 hours per week. Then, take 20 hours times 52 weeks and that equals 1,040 working hours. Then, multiple the hourly salary of $17 times 1,040 working hours and the result is $17,680.
$17 Per Hour is…
| $17 per Hour – Full Time | Total Income |
|---|---|
| Daily Wage (8 Hours) | $136 |
| Net Estimated Monthly Income | $2,250 |
Is Alabama good place to live?
Alabama is a state of friendly people and closely-knit rural communities.You will pay lower taxes in Alabama than in most other states. The crime rate is low and the state is a great place to raise a family. The pace of life in Alabama is slow except in a few cities.
Is Alabama cheaper than Florida?
Alabama is one of the best states for retirement because it offers beaches, golf, and warm weather but is significantly cheaper than Florida. The livable wage in Alabama is $45,824, and the median household income is $48,486.
What is the cheapest city in Alabama to live in?
The 10 Most Affordable Places To Live In Alabama In 2020
- Lincoln. facebook/City Of Lincoln, Alabama.
- Tuscumbia. flickr/Valerie Everett.
- Russellville. wikimedia commons/Brian Stansberry.
- Roanoke. wikimedia commons/Rivers Langley.
- Attalla. wikipedia/Chris Pruitt.
- Hamilton. facebook/Hamilton Area Chamber of Commerce.
- Hartselle.
- Clay.
Is Alabama cheap to live?
The cost of living – Alabama is one of the cheapest states in the nation, with an overall cost of living well below the national average. If you’re moving in from a more expensive state and city, then you’re really going to feel the benefit of lower bills and mortgage payments.
What is considered good money per hour?
The national mean salary in the United States is $56,310 according to the National Compensation Survey. That works out to be $27 per hour. So in order to be above average, you have to earn more than $28 per hour.
What wage do you need to live comfortably?
The median necessary living wage across the entire US is $67,690. The state with the lowest annual living wage is Mississippi, with $58,321. The state with the highest living wage is Hawaii, with $136,437.
How much is 40k a year hourly?
So if an employee earns $40,000 annually working 40 hours a week, they make about $19.23 an hour (40,000 divided by 2,080).
How safe is Alabama?
With a high violent crime rate of 5.20 per 1,000 and property crime rate of 28.17, Alabama is not among the safest states. However, the Cotton State’s safest cities recorded admirably low crime figures in 2018 that stand in contrast to Alabama’s statewide numbers.
What you should know before moving to Alabama?
What you need to know before moving to Alabama
- Climate.
- Largest cities.
- Education.
- Food.
- Transport and roads.
- Cost of living.
- State property and personal income taxes.
- Ethnicity and population.
Does it snow in Alabama?
Although snow is a rare event in much of Alabama, areas of the state north of Montgomery may receive a dusting of snow a few times every winter, with an occasional moderately heavy snowfall every few years.The annual average snowfall for the Birmingham area is 2 inches (51 mm) per year.
What is the cheapest and safest state to live in?
Here are the top 10 cheapest states to live in, according to WalletHub’s report.
- Alabama.
- West Virginia.
- Arkansas.
- Indiana.
- Missouri.
- Utah.
- Mississippi.
- Tennessee.
What state has highest cost of living?
Hawaii
There may be no more breathtaking a place than the Aloha State, but prices in Hawaii, America’s most expensive state, will take your breath away, too.
What is the best state to live in financially?
Full Ranking of All 50 States
| Rank | State | Median Income |
|---|---|---|
| 1 | Wyoming | $40,240 |
| 2 | Washington | $46,100 |
| 3 | Texas | $37,100 |
| 4 | Minnesota | $42,630 |
Is it good to move to Alabama?
Boasting some of the country’s most affordable home prices, lowest cost-of-living indexes, and relatively low taxes, Alabama is a very affordable state to live in. The median home value in Alabama in a given year ranges between $135,000 and $145,000, giving you much more value than other housing markets in the country.
What is the poorest place in Alabama?
Oak Hill
With a median household income of $9,286 (compared to $44,758 for the state), Oak Hill is the poorest community in Alabama.
What city in Alabama has the cheapest rent?
The Most Affordable Places To Live In Alabama
| Rank | City | Income/Rent Ratio |
|---|---|---|
| 1 | Attalla | 72.4x |
| 2 | Russellville | 74.4x |
| 3 | Roanoke | 69.9x |
| 4 | Lincoln | 75.8x |
How much snow does Alabama get?
Alabama, Alabama gets 56 inches of rain, on average, per year. The US average is 38 inches of rain per year. Alabama averages 1 inches of snow per year. The US average is 28 inches of snow per year.
