Cost of Living in New Market, AL

A+
12%
Overall NAT. AVG.
1%
Goods & Services NAT. AVG.
37%
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 New Market Alabama National
Cost of living8888100
Goods & Services9996100
Groceries9996100
Health care9387100
Housing6372100
Transportation9491100
Utilities98102100
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Cost Of Living Quick Facts

  • The cost of living in New Market is 1% lower than the Alabama average
  • The cost of living in New Market is 12% lower than the national average
  • New Market housing is 37% 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 New Market

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Compare New Market, AL Cost of Living

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      Price difference in compared to
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      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$57,813$4,818$1,349$1,735
      Renters$27,898$2,325$651$837

      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 New Market National avg. Difference
      Haircut $24.45$24.260.8%
      Beauty Salon $52.50$45.5615.2%
      Toothpaste $3.85$3.704.1%
      Shampoo $1.24$1.283.4%
      Movie $12.52$12.133.2%
      Bowling $22.78$18.0026.5%

      Groceries

      Item New Market National avg. Difference
      Ground Beef $6.04$5.843.5%
      Fried Chicken $1.42$1.579.7%
      Milk $4.55$4.672.6%
      Potatoes $5.33$4.937.9%
      Pizza $12.16$12.090.6%
      Beer $10.23$10.411.7%

      Health Care

      Item New Market National avg. Difference
      Optometrist $104.06$125.6817.2%
      Doctor $130.44$135.783.9%
      Dentist $113.33$113.290.0%
      Ibuprofen $10.52$10.651.2%
      Lipitor $367.22$468.6021.6%

      Housing

      Item New Market National avg. Difference
      Home Price $113,000.00$184,700.0038.8%
      Avg. Mortgage Payment $1,800.86$2,346.6923.3%
      Apartment Rent $639.00$949.0032.7%

      Transportation

      Item New Market National avg. Difference
      Gasoline $3.16$3.468.7%
      Tire Balancing $61.19$59.922.1%

      Utilities

      Item New Market National avg. Difference
      All Electricity $191.34$193.991.4%
      Phone $188.01$192.252.2%
      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.
      Flintville, TN4198217.5%
      Huntland, TN1,0598614.2%
      Gurley, AL5748712.6%
      Pleasant Groves, AL4818811.9%
      Park City, TN3,500909.6%
      New Market, AL1,1158812.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Kaanapali, HI1,115273172.8%
      Edwardsburg, MI1,1158316.6%
      Foster Brook, PA1,1158317.2%
      Aspermont, TX1,1157525.1%
      Enterprise, WV1,1158812.2%
      New Market, AL1,1158812.4%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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