A+
12%
Overall NAT. AVG.
1%
Goods & Services NAT. AVG.
34%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Eufaula Alabama National
Cost of living8888100
Goods & Services9996100
Groceries9696100
Health care13387100
Housing6672100
Transportation9291100
Utilities86102100

An Overview of Cost of Living in Eufaula, AL

Understanding the cost of living in Eufaula can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Eufaula cost of living index is 88, which is 12% lower than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

Is Eufaula Affordable?

Is Eufaula an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Eufaula is 33% lower than the national average, while the average monthly rent prices are 37.1% lower than average. The affordability of any location can also be influenced by median income levels. Eufaula has a median household income of $34,713, which is 37.3% lower than the national average.

What Factors can Influence the Cost of Living in Eufaula?

Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.

Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In Eufaula, the transportation index stands at 8.2% lower than the national average.

Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.

Where is the Data From?

The cost of living in Eufaula, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Eufaula is 1% lower than the Alabama average
  • The cost of living in Eufaula is 12% lower than the national average
  • Eufaula housing is 34% lower than the national average
  • Alabama general sales tax is 22% lower than the national average
  • Alabama state income tax is 23% lower than the national average

Most Affordable Places to Live in and Around Eufaula

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Compare Eufaula, AL Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$58,373$4,864$1,362$1,751
      Renters$16,504$1,375$385$495
      A good indicator of the general affordability of housing in Eufaula, AL, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Eufaula, the median monthly income is $58,373 for those who own their own homes. Under the standard rule, that income level would allow for $1,362 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $16,504, per the median income in the area. That would allow for renters to spend up to $385 on monthly rental expenses.

      Alabama Sales Tax

      State General Sales Tax With Max Surtax
      Alabama 4% 13.5%

      Alabama Income Tax

      State Income Tax (Low) Income Tax (High)
      Alabama 2% 5%

      Goods & Services

      Item Eufaula National avg. Difference
      Haircut $17.00$24.2629.9%
      Beauty Salon $36.53$45.5619.8%
      Toothpaste $3.64$3.701.7%
      Shampoo $1.31$1.282.0%
      Movie $11.49$12.135.3%
      Bowling $14.00$18.0022.2%

      Groceries

      Item Eufaula National avg. Difference
      Ground Beef $6.16$5.845.5%
      Fried Chicken $1.44$1.578.2%
      Milk $4.61$4.671.3%
      Potatoes $5.31$4.937.5%
      Pizza $11.32$12.096.3%
      Beer $10.19$10.412.2%

      Health Care

      Item Eufaula National avg. Difference
      Optometrist $91.67$125.6827.1%
      Doctor $116.11$135.7814.5%
      Dentist $95.33$113.2915.8%
      Ibuprofen $10.19$10.654.3%
      Lipitor $412.38$468.6012.0%

      Housing

      Item Eufaula National avg. Difference
      Home Price $123,800.00$184,700.0033.0%
      Avg. Mortgage Payment $1,593.02$2,346.6932.1%
      Apartment Rent $597.00$949.0037.1%

      Transportation

      Item Eufaula National avg. Difference
      Gasoline $3.22$3.467.0%
      Tire Balancing $34.00$59.9243.3%

      Utilities

      Item Eufaula National avg. Difference
      All Electricity $172.47$193.9911.1%
      Phone $188.97$192.251.7%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Georgetown-Quitman County, GA2,2908217.5%
      Bakerhill, AL2398316.5%
      Eufaula, AL11,8788812.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Franklin, OH11,8789010.1%
      Gold Canyon, AZ11,87512221.7%
      Port Washington, WI11,8811043.7%
      Garden City, ID11,8731087.6%
      Webb City, MO11,8848613.8%
      Eufaula, AL11,8788812.0%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.