Cost of Living in Alexandria, AL

With a cost of living index of 72, Alexandria, AL is one of the most affordable cities in the country. Living here is 28% cheaper than the national average and in line with the Alabama state average. Alexandria is a small community of 3,420 residents.

Housing costs are the biggest factor in Alexandria's cost of living. The median monthly rent is $925 (30% below the US median of $1,319), and the median home value sits at $173,900 (43% below the national median of $304,900). At current prices, the median home costs roughly 1.9x the median household income — well within traditional affordability guidelines.

The median household income in Alexandria is $92,232, which is 23% higher than the national median of $75,149. Residents spend roughly 12% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Alexandria. The area sees an average annual temperature of 63.1°F, with summers averaging 79°F and winters around 46°F. Annual rainfall totals 52.1 inches spread over roughly 119 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the Anniston-Oxford, AL (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.