Saks, AL

Very Low · 53

Alabama · Population 10,727 · Updated March 2026

$898
Median Rent / Month
$50,529
Median Income
$113,400
Median Home Value
$831
Owner Costs / Month

Affordability

How far your income goes in Saks

21.3%
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

$10,776
Annual Rent
$2,526
State Income Tax
$465
Property Tax (est.)

Cost of Living Overview

Saks is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 53 (where 100 equals the national median), Saks residents can expect to pay median rent of $898/month while earning a median household income of $50,529/year.

The median home value in Saks, AL is $113,400, with typical monthly owner costs around $831 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.3% 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 Saks.

Frequently Asked Questions

Common questions about living costs in Saks

What is the cost of living in Saks, AL?
The cost of living index in Saks, AL is 53 (US average = 100). Median monthly rent is $898, median household income is $50,529/year, and the median home value is $113,400.
Is Saks, AL affordable?
Yes, Saks is more affordable than the national average with a cost index of 53. The rent-to-income ratio is 21.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Saks, AL?
The median gross rent in Saks, AL is $898 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,776.
What is the median household income in Saks?
The median household income in Saks, AL is $50,529 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%.