Jasper, AL

Very Low · 59

Alabama · Population 14,480 · Updated March 2026

$722
Median Rent / Month
$66,250
Median Income
$208,000
Median Home Value
$868
Owner Costs / Month

Affordability

How far your income goes in Jasper

13.1%
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

$8,664
Annual Rent
$3,312
State Income Tax
$853
Property Tax (est.)

Cost of Living Overview

Jasper is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 59 (where 100 equals the national median), Jasper residents can expect to pay median rent of $722/month while earning a median household income of $66,250/year.

The median home value in Jasper, AL is $208,000, with typical monthly owner costs around $868 including mortgage, insurance, and taxes. The median rent-to-income ratio of 13.1% 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 Jasper.

Frequently Asked Questions

Common questions about living costs in Jasper

What is the cost of living in Jasper, AL?
The cost of living index in Jasper, AL is 59 (US average = 100). Median monthly rent is $722, median household income is $66,250/year, and the median home value is $208,000.
Is Jasper, AL affordable?
Yes, Jasper is more affordable than the national average with a cost index of 59. The rent-to-income ratio is 13.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Jasper, AL?
The median gross rent in Jasper, AL is $722 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $8,664.
What is the median household income in Jasper?
The median household income in Jasper, AL is $66,250 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%.