Cost of Living in Midway, AL
Population: 633 | Alabama
Midway is 23% less expensive than the national average.
Cost of Living in Midway, AL: What You Need to Know
With a cost of living index of 77, Midway, AL is a very affordable place to live. Living here is 23% cheaper than the national average and 3% above the Alabama state average of 74. Midway is a small community of 633 residents.
The median household income in Midway is $43,750, which is 42% lower than the national median of $75,149. Residents spend roughly 18% 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 Midway. The area sees an average annual temperature of 66.8°F, with summers averaging 82°F and winters around 51°F. Annual rainfall totals 53.3 inches spread over roughly 0 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.
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.
Income
- Median Household Income
- $43,750
- vs US Median ($75,149)
- -42%
Housing
- Median Rent
- $669/mo
- Median Monthly Housing Cost
- $570/mo
Climate in Midway
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 61 | 66 | 73 | 80 | 87 | 92 | 94 | 94 | 89 | 81 | 71 | 63 |
| Avg °F | 49 | 53 | 59 | 66 | 74 | 80 | 83 | 82 | 78 | 68 | 58 | 51 |
| Low °F | 37 | 40 | 46 | 52 | 61 | 68 | 71 | 71 | 66 | 55 | 44 | 40 |
| Rain" | 4.8 | 4.7 | 5.1 | 4.8 | 3.2 | 4.6 | 5.1 | 4.8 | 3.7 | 3.1 | 4.5 | 5.2 |