Cost of Living in Excel, AL

With a cost of living index of 61, Excel, AL is one of the most affordable cities in the country. Living here is 39% cheaper than the national average and 13% below the Alabama state average of 74. Excel is a small community of 504 residents.

Housing costs are the biggest factor in Excel's cost of living. The median monthly rent is $590 (55% below the US median of $1,319), and the median home value sits at $145,500 (52% below the national median of $304,900). At current prices, the median home costs roughly 2.2x the median household income — well within traditional affordability guidelines.

The median household income in Excel is $66,167, which is 12% lower than the national median of $75,149. Residents spend roughly 11% 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 Excel. The area sees an average annual temperature of 67.3°F, with summers averaging 82°F and winters around 52°F. Annual rainfall totals 55.3 inches spread over roughly 139 days.

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.