Valley, AL

Very Low · 60

Alabama · Population 10,406 · Updated March 2026

$1,024
Median Rent / Month
$55,422
Median Income
$130,500
Median Home Value
$941
Owner Costs / Month

Affordability

How far your income goes in Valley

22.2%
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

$12,288
Annual Rent
$2,771
State Income Tax
$535
Property Tax (est.)

Cost of Living Overview

Valley 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), Valley residents can expect to pay median rent of $1,024/month while earning a median household income of $55,422/year.

The median home value in Valley, AL is $130,500, with typical monthly owner costs around $941 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.2% 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 Valley.

Frequently Asked Questions

Common questions about living costs in Valley

What is the cost of living in Valley, AL?
The cost of living index in Valley, AL is 60 (US average = 100). Median monthly rent is $1,024, median household income is $55,422/year, and the median home value is $130,500.
Is Valley, AL affordable?
Yes, Valley is more affordable than the national average with a cost index of 60. The rent-to-income ratio is 22.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Valley, AL?
The median gross rent in Valley, AL is $1,024 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $12,288.
What is the median household income in Valley?
The median household income in Valley, AL is $55,422 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%.