Enterprise, AL

Very Low · 71

Alabama · Population 28,990 · Updated March 2026

$1,058
Median Rent / Month
$68,306
Median Income
$198,500
Median Home Value
$1,071
Owner Costs / Month

Affordability

How far your income goes in Enterprise

18.6%
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

$12,696
Annual Rent
$3,415
State Income Tax
$814
Property Tax (est.)

Cost of Living Overview

Enterprise is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 71 (where 100 equals the national median), Enterprise residents can expect to pay median rent of $1,058/month while earning a median household income of $68,306/year.

The median home value in Enterprise, AL is $198,500, with typical monthly owner costs around $1,071 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.6% 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 Enterprise.

Frequently Asked Questions

Common questions about living costs in Enterprise

What is the cost of living in Enterprise, AL?
The cost of living index in Enterprise, AL is 71 (US average = 100). Median monthly rent is $1,058, median household income is $68,306/year, and the median home value is $198,500.
Is Enterprise, AL affordable?
Yes, Enterprise is more affordable than the national average with a cost index of 71. The rent-to-income ratio is 18.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Enterprise, AL?
The median gross rent in Enterprise, AL is $1,058 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $12,696.
What is the median household income in Enterprise?
The median household income in Enterprise, AL is $68,306 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%.