Cost of Living in McKenzie, AL

With a cost of living index of 52, McKenzie, AL is one of the most affordable cities in the country. Living here is 48% cheaper than the national average and 22% below the Alabama state average of 74. McKenzie is a small community of 731 residents.

Housing costs are the biggest factor in McKenzie's cost of living. The median monthly rent is $523 (60% below the US median of $1,319), and the median home value sits at $59,600 (80% below the national median of $304,900). At current prices, the median home costs roughly 1.9x the median household income — well within traditional affordability guidelines.

The median household income in McKenzie is $31,250, which is 58% lower than the national median of $75,149. Residents spend roughly 20% 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 McKenzie. 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.