Cost of Living in Roanoke, AL

With a cost of living index of 60, Roanoke, AL is one of the most affordable cities in the country. Living here is 40% cheaper than the national average and 14% below the Alabama state average of 74. Roanoke is a smaller community of 5,332 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Roanoke's cost of living. The median monthly rent is $589 (55% below the US median of $1,319), and the median home value sits at $129,100 (58% below the national median of $304,900). At current prices, the median home costs roughly 2.7x the median household income — well within traditional affordability guidelines.

The median household income in Roanoke is $48,083, which is 36% lower than the national median of $75,149. Residents spend roughly 15% 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 Roanoke. The area sees an average annual temperature of 63.1°F, with summers averaging 79°F and winters around 46°F. Annual rainfall totals 52.1 inches spread over roughly 119 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.