Boaz, AL

Very Low · 49

Alabama · Population 10,847 · Updated March 2026

$645
Median Rent / Month
$49,962
Median Income
$158,200
Median Home Value
$754
Owner Costs / Month

Affordability

How far your income goes in Boaz

15.5%
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

$7,740
Annual Rent
$2,498
State Income Tax
$649
Property Tax (est.)

Cost of Living Overview

Boaz is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 49 (where 100 equals the national median), Boaz residents can expect to pay median rent of $645/month while earning a median household income of $49,962/year.

The median home value in Boaz, AL is $158,200, with typical monthly owner costs around $754 including mortgage, insurance, and taxes. The median rent-to-income ratio of 15.5% 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 Boaz.

Frequently Asked Questions

Common questions about living costs in Boaz

What is the cost of living in Boaz, AL?
The cost of living index in Boaz, AL is 49 (US average = 100). Median monthly rent is $645, median household income is $49,962/year, and the median home value is $158,200.
Is Boaz, AL affordable?
Yes, Boaz is more affordable than the national average with a cost index of 49. The rent-to-income ratio is 15.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Boaz, AL?
The median gross rent in Boaz, AL is $645 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $7,740.
What is the median household income in Boaz?
The median household income in Boaz, AL is $49,962 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%.