Cost of Living in Carbon Hill, AL

With a cost of living index of 51, Carbon Hill, AL is one of the most affordable cities in the country. Living here is 49% cheaper than the national average and 23% below the Alabama state average of 74. Carbon Hill is a small community of 1,440 residents.

Housing costs are the biggest factor in Carbon Hill's cost of living. The median monthly rent is $415 (69% below the US median of $1,319), and the median home value sits at $78,200 (74% below the national median of $304,900). At current prices, the median home costs roughly 3.5x the median household income — a moderately affordable ratio by today's standards.

The median household income in Carbon Hill is $22,283, which is 70% lower than the national median of $75,149. Residents spend roughly 22% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Carbon Hill. The area sees an average annual temperature of 59.6°F, with summers averaging 76°F and winters around 43°F. Annual rainfall totals 58.7 inches spread over roughly 113 days.

Everyday prices in the Birmingham, 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.