Cost of Living in Highland Lakes, AL

With a cost of living index of 118, Highland Lakes, AL is a notably expensive place to live. Living here is 18% more expensive than the national average and 44% above the Alabama state average of 74. Highland Lakes is a smaller community of 5,673 residents, where everyday costs can differ substantially from nearby larger cities.

The median household income in Highland Lakes is $169,833, which is 126% higher than the national median of $75,149. While incomes are above average, they more than offset the higher cost of living.

Climate is another factor for anyone considering a move to Highland Lakes. The area sees an average annual temperature of 63.9°F, with summers averaging 80°F and winters around 47°F. Annual rainfall totals 56.6 inches spread over roughly 118 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

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.