Cost of Living in Priceville, AL

With a cost of living index of 77, Priceville, 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. Priceville is a small community of 3,653 residents.

Housing costs are the biggest factor in Priceville's cost of living. The median monthly rent is $871 (34% below the US median of $1,319), and the median home value sits at $233,100 (24% below the national median of $304,900). At current prices, the median home costs roughly 2.2x the median household income — well within traditional affordability guidelines.

The median household income in Priceville is $108,398, which is 44% higher than the national median of $75,149. Residents spend roughly 10% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Priceville. The area sees an average annual temperature of 61.4°F, with summers averaging 79°F and winters around 44°F. Annual rainfall totals 49.5 inches spread over roughly 126 days.

Everyday prices in the Decatur, 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.