Cost of living in Highland Lake, Alabama
Cost of living compared to USAthe lowest
Cost of living compared to Alabamalow
Median household incomelow
Is it expensive to live in Highland Lake, Alabama? When calculating the cost of living in Highland Lake, Alabama we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.
The cost of living in Highland Lake, Alabama is the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Alabama, while median household income in Highland Lake is $52,000 which is low Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Alabama.
Taxes in Highland Lake, Alabama
The sales tax rate in Highland Lake, Alabama is 12.0%. Last year, the average property taxes paid was 0.3% Highland Lake, Alabama.
Here is the table with the State Income Taxes in the state of Alabama:
State Income Tax Brackets (Single):
| Income Bracket Threshold | Income Bracket Ceiling | Alabama Income Tax Rate |
|---|---|---|
| $0 | $500 | 2.0% |
| $500 | $3,000 | 4.0% |
| $3,000 | $9,999,999 | 5.0% |
State Income Tax Brackets (Married):
| Income Bracket Threshold | Income Bracket Ceiling | Alabama Income Tax Rate |
|---|---|---|
| $0 | $1,000 | 2.0% |
| $1,000 | $6,000 | 4.0% |
| $6,000 | $9,999,999 | 5.0% |
Housing costs in Highland Lake, Alabama
The average cost of a single-family home compared to USAmoderate
The average cost of a single-family home compared to Alabamathe highest
In Highland Lake, Alabama, 88.0% of the population owns their homes, while approximately 12.0% rent. The average cost of a single-family home in Highland Lake, Alabama in 2022 is $232,302 which is moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Alabama. The average one-bedroom apartment cost is approximately $740 per month.
| Rental Size | Monthly Cost | Compared to Alabama |
|---|---|---|
| 1 Bedroom | $740 | moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 2 Bedroom | $850 | moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 3 Bedroom | $1,100 | moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 4 Bedroom | $1,190 | lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
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