Meridianville, AL

Below Avg · 78

Alabama · Population 10,268 · Updated March 2026

$983
Median Rent / Month
$93,030
Median Income
$271,800
Median Home Value
$1,153
Owner Costs / Month

Affordability

How far your income goes in Meridianville

12.7%
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

$11,796
Annual Rent
$4,652
State Income Tax
$1,114
Property Tax (est.)

Cost of Living Overview

Meridianville is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 78 (where 100 equals the national median), Meridianville residents can expect to pay median rent of $983/month while earning a median household income of $93,030/year.

The median home value in Meridianville, AL is $271,800, with typical monthly owner costs around $1,153 including mortgage, insurance, and taxes. The median rent-to-income ratio of 12.7% 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 Meridianville.

Frequently Asked Questions

Common questions about living costs in Meridianville

What is the cost of living in Meridianville, AL?
The cost of living index in Meridianville, AL is 78 (US average = 100). Median monthly rent is $983, median household income is $93,030/year, and the median home value is $271,800.
Is Meridianville, AL affordable?
Yes, Meridianville is more affordable than the national average with a cost index of 78. The rent-to-income ratio is 12.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Meridianville, AL?
The median gross rent in Meridianville, AL is $983 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,796.
What is the median household income in Meridianville?
The median household income in Meridianville, AL is $93,030 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%.