Cost of Living in Oak Grove, AL

With a cost of living index of 68, Oak Grove, AL is one of the most affordable cities in the country. Living here is 32% cheaper than the national average and 7% below the Alabama state average of 74. Oak Grove is a small community of 905 residents.

Housing costs are the biggest factor in Oak Grove's cost of living. The median monthly rent is $853 (35% below the US median of $1,319), and the median home value sits at $124,700 (59% below the national median of $304,900). At current prices, the median home costs roughly 2.1x the median household income — well within traditional affordability guidelines.

The median household income in Oak Grove is $59,191, which is 21% lower 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. 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 Oak Grove. The area sees an average annual temperature of 64.4°F, with summers averaging 80°F and winters around 48°F. Annual rainfall totals 56.2 inches spread over roughly 126 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.