Cost of Living in Hayden, AL

With a cost of living index of 87, Hayden, AL is a very affordable place to live. Living here is 13% cheaper than the national average and 13% above the Alabama state average of 74. Hayden is a small community of 1,453 residents.

Housing costs are the biggest factor in Hayden's cost of living. The median monthly rent is $1,175 (11% below the US median of $1,319), and the median home value sits at $233,500 (23% below the national median of $304,900). At current prices, the median home costs roughly 2.9x the median household income — well within traditional affordability guidelines.

The median household income in Hayden is $80,625, which is 7% higher than the national median of $75,149. Residents spend roughly 17% 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 Hayden. The area sees an average annual temperature of 59.9°F, with summers averaging 77°F and winters around 43°F. Annual rainfall totals 58.7 inches spread over roughly 116 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.