Margaret, Alabama

Cost of living in Margaret, Alabama

  • Cost of living compared to USAlow
  • Cost of living compared to Alabamamoderate
  • Median household incomemoderate

Is it expensive to live in Margaret, Alabama? When calculating the cost of living in Margaret, 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 Margaret, Alabama is lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Alabama, while median household income in Margaret is $60,707 which is moderate 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 Margaret, Alabama

The sales tax rate in Margaret, Alabama is 10.0%. Last year, the average property taxes paid was 0.3% Margaret, 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 Margaret, 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 Margaret, Alabama, 92.0% of the population owns their homes, while approximately 8.0% rent. The average cost of a single-family home in Margaret, Alabama in 2022 is $230,579 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 $825 per month.

Rental SizeMonthly CostCompared to Alabama
1 Bedroom$825highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom$943highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom$1,214highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom$1,317moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
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Cities Near Margaret: Odenville, Trussville, Argo, Moody, Steele