Indian Springs Village, AL Cost of Living


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Indian Springs Village cost of living score
100.1
More expensive
0.1% higher
than the US average
19.0% higher
than the Alabama average
Indian Springs Village, Alabama gets a BestPlaces Cost of Living score of 100.1, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 0.1% higher than the U.S. average and 19.0% higher than the average for Alabama.

Indian Springs Village, AL

Housing costs in Indian Springs Village?
A typical home costs $486,200, which is 43.8% more expensive than the national average of $338,100 and 127.2% more expensive than the average Alabama home, at $214,000. Renting a two-bedroom unit in Indian Springs Village costs $1,360 per month, which is 4.9% cheaper than the national average of $1,430 and 30.9% more than the state average of $940.

Can I afford Indian Springs Village?
To live comfortably in Indian Springs Village, Alabama, a minimum annual income of $93,240 for a family, and $47,200 for a single person is recommended.

What does A.I. say about Indian Springs Village?
The cost of living in Indian Springs Village, AL is slightly lower than the national average. This is due to the affordable housing prices and low taxes in the area. There are a variety of housing options available from single family homes to apartments and condos for those on a budget. Additionally, there are no state income taxes in Alabama, making living costs even more reasonable. Property taxes are also relatively low, ensuring that residents get to keep more of their hard-earned money in their pockets. All this makes Indian Springs Village an attractive option for those who want to save some money without sacrificing quality of life.
   Cost of living score
     CategoriesIndian Springs VillageAlabamaUnited States
  100.184.1100.0
  99.694.4100
  122.2118.9100.0
  148.256.6100.0
  $486,200$214,000$338,100
  102.7%101.2%100.0%
  93.385.9100.0
  86.871.0100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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