Lake View, Alabama

Cost of living in Lake View, Alabama

  • Cost of living compared to USAthe lowest
  • Cost of living compared to Alabamathe lowest
  • Median household incomethe highest

Is it expensive to live in Lake View, Alabama? When calculating the cost of living in Lake View, 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 Lake View, 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 the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Alabama, while median household income in Lake View is $81,332 which is the highest Analytics 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.

Taxes in Lake View, Alabama

The sales tax rate in Lake View, Alabama is 10.0%. Last year, the average property taxes paid was 0.4% Lake View, 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 Lake View, Alabama

  • The average cost of a single-family home compared to USAhigh
  • The average cost of a single-family home compared to Alabamathe highest

In Lake View, Alabama, 95.0% of the population owns their homes, while approximately 5.0% rent. The average cost of a single-family home in Lake View, Alabama in 2022 is $283,258 which is highAnalytics 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 $790 per month.

Rental SizeMonthly CostCompared to Alabama
1 Bedroom$790highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom$930highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom$1,190highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom$1,280moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest