Phenix, AL

Very Low · 60

Alabama · Population 38,477 · Updated March 2026

$926
Median Rent / Month
$49,715
Median Income
$160,000
Median Home Value
$928
Owner Costs / Month

Affordability

How far your income goes in Phenix

22.4%
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

$11,112
Annual Rent
$2,486
State Income Tax
$656
Property Tax (est.)

Cost of Living Overview

Phenix is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 60 (where 100 equals the national median), Phenix residents can expect to pay median rent of $926/month while earning a median household income of $49,715/year.

The median home value in Phenix, AL is $160,000, with typical monthly owner costs around $928 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.4% 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 Phenix.

Frequently Asked Questions

Common questions about living costs in Phenix

What is the cost of living in Phenix, AL?
The cost of living index in Phenix, AL is 60 (US average = 100). Median monthly rent is $926, median household income is $49,715/year, and the median home value is $160,000.
Is Phenix, AL affordable?
Yes, Phenix is more affordable than the national average with a cost index of 60. The rent-to-income ratio is 22.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Phenix, AL?
The median gross rent in Phenix, AL is $926 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,112.
What is the median household income in Phenix?
The median household income in Phenix, AL is $49,715 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%.