Cost of Living in Geraldine, AL

With a cost of living index of 60, Geraldine, AL is one of the most affordable cities in the country. Living here is 40% cheaper than the national average and 14% below the Alabama state average of 74. Geraldine is a small community of 1,340 residents.

Housing costs are the biggest factor in Geraldine's cost of living. The median monthly rent is $391 (70% below the US median of $1,319), and the median home value sits at $199,400 (35% below the national median of $304,900). At current prices, the median home costs roughly 3.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in Geraldine is $62,768, which is 16% lower than the national median of $75,149. Residents spend roughly 7% 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 Geraldine. The area sees an average annual temperature of 59°F, with summers averaging 75°F and winters around 42°F. Annual rainfall totals 57.6 inches spread over roughly 125 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.