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Goodwater, AL vs Nectar, AL

57
Goodwater
Alabama
VS
-27.1%
78
Nectar
Alabama

There is a significant gap in the cost of living between these two cities. Goodwater is 27.1% cheaper than Nectar. With a cost index of 57 vs 78, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Goodwater to Nectar should plan for substantially higher expenses across most categories.

On the housing front, median rent in Goodwater is $607/month compared to $1,075/month in Nectar — a 44% difference. Home values follow the same pattern: Goodwater is more affordable at $81,900 median vs $156,900.

Median household income in Goodwater is $36,938 compared to $46,000 in Nectar (-19.7%). The higher salaries in Nectar partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Goodwater spend roughly 19.7% of their income on rent, less than the 28% in Nectar.

Climate-wise, both cities share similar average temperatures (62.3°F vs 59.9°F). Nectar receives more rainfall at 58.7" per year compared to 52.2" in Goodwater.

Income & Cost

Cost of Living Index
Goodwater
57
27% cheaper
Nectar
78
Median Household Income
Goodwater
$36,938
Nectar
$46,000
20% higher

Housing

Median Rent
Goodwater
$607
44% cheaper
Nectar
$1,075
Median Home Value
Goodwater
$81,900
48% cheaper
Nectar
$156,900
Population
Goodwater
1,375
Nectar
474

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Goodwater
Nectar $2.90
US $3.07
🥚
Eggs (grade A, large)
Goodwater
Nectar $2.37
US $2.50
🥛
Milk (whole)
Goodwater
Nectar $3.81
US $4.03
🍞
Bread (white)
Goodwater
Nectar $1.75
US $1.85
🍗
Chicken breast
Goodwater
Nectar $3.92
US $4.14
Electricity
Goodwater
Nectar $0.17
US $0.19

Climate

NOAA 30-year normals (1991-2020)

Avg Temp
Goodwater 62.3°F
Nectar 59.9°F
Summer High
Goodwater 90°F
Nectar 88°F
Winter Low
Goodwater 33°F
Nectar 31°F
Rainfall
Goodwater 52.2"
Nectar 58.7"
Rainy Days
Goodwater 116d
Nectar 116d