Cost of Living in Millry, AL

With a cost of living index of 54, Millry, AL is one of the most affordable cities in the country. Living here is 46% cheaper than the national average and 20% below the Alabama state average of 74. Millry is a small community of 548 residents.

Housing costs are the biggest factor in Millry's cost of living. The median monthly rent is $360 (73% below the US median of $1,319), and the median home value sits at $140,600 (54% below the national median of $304,900). At current prices, the median home costs roughly 4.6x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Millry is $30,521, which is 59% lower than the national median of $75,149. Residents spend roughly 14% 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 Millry. The area sees an average annual temperature of 64°F, with summers averaging 79°F and winters around 49°F. Annual rainfall totals 56.9 inches spread over roughly 113 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.