Hoover, AL

Above Avg · 111

Alabama · Population 92,401 · Updated March 2026

$1,404
Median Rent / Month
$107,822
Median Income
$391,300
Median Home Value
$1,569
Owner Costs / Month

Affordability

How far your income goes in Hoover

15.6%
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

$16,848
Annual Rent
$5,391
State Income Tax
$1,604
Property Tax (est.)

Cost of Living Overview

Hoover is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 111 (where 100 equals the national median), Hoover residents can expect to pay median rent of $1,404/month while earning a median household income of $107,822/year.

The median home value in Hoover, AL is $391,300, with typical monthly owner costs around $1,569 including mortgage, insurance, and taxes. The median rent-to-income ratio of 15.6% 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 Hoover.

Frequently Asked Questions

Common questions about living costs in Hoover

What is the cost of living in Hoover, AL?
The cost of living index in Hoover, AL is 111 (US average = 100). Median monthly rent is $1,404, median household income is $107,822/year, and the median home value is $391,300.
Is Hoover, AL affordable?
No, Hoover is more expensive than the national average with a cost index of 111. The rent-to-income ratio is 15.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Hoover, AL?
The median gross rent in Hoover, AL is $1,404 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $16,848.
What is the median household income in Hoover?
The median household income in Hoover, AL is $107,822 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%.