Alexander, AL

Very Low · 47

Alabama · Population 14,686 · Updated March 2026

$690
Median Rent / Month
$42,367
Median Income
$135,900
Median Home Value
$687
Owner Costs / Month

Affordability

How far your income goes in Alexander

19.5%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Alabama

State-level tax rates that affect your costs

5.0%
Income Tax (Top Rate)
4.0%
Sales Tax
0.41%
Property Tax Rate

Estimated Annual Costs

$8,280
Annual Rent
$2,118
State Income Tax
$557
Property Tax (est.)

Cost of Living Overview

Alexander is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 47 (where 100 equals the national median), Alexander residents can expect to pay median rent of $690/month while earning a median household income of $42,367/year.

The median home value in Alexander, AL is $135,900, with typical monthly owner costs around $687 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.5% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Alabama has a moderate income tax rate of 5.0%. Combined with a 4.0% sales tax rate and 0.41% effective property tax rate, the overall tax environment is a factor in the total cost of living in Alexander.

Frequently Asked Questions

Common questions about living costs in Alexander

What is the cost of living in Alexander, AL?
The cost of living index in Alexander, AL is 47 (US average = 100). Median monthly rent is $690, median household income is $42,367/year, and the median home value is $135,900.
Is Alexander, AL affordable?
Yes, Alexander is more affordable than the national average with a cost index of 47. The rent-to-income ratio is 19.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Alexander, AL?
The median gross rent in Alexander, AL is $690 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $8,280.
What is the median household income in Alexander?
The median household income in Alexander, AL is $42,367 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Alabama?
Alabama has a top income tax rate of 5.0%, a sales tax of 4.0%, and an effective property tax rate of 0.41%.