Cost of Living in Stevenson, AL

With a cost of living index of 69, Stevenson, AL is one of the most affordable cities in the country. Living here is 31% cheaper than the national average and 5% below the Alabama state average of 74. Stevenson is a small community of 1,947 residents.

Housing costs are the biggest factor in Stevenson's cost of living. The median monthly rent is $823 (38% below the US median of $1,319), and the median home value sits at $150,200 (51% below the national median of $304,900). At current prices, the median home costs roughly 3.1x the median household income — a moderately affordable ratio by today's standards.

The median household income in Stevenson is $48,214, which is 36% lower than the national median of $75,149. Residents spend roughly 20% 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 Stevenson. The area sees an average annual temperature of 59.9°F, with summers averaging 77°F and winters around 43°F. Annual rainfall totals 55.1 inches spread over roughly 120 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.