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 Size	Monthly Cost	Compared to Alabama
1 Bedroom	$825	highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom	$943	highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom	$1,214	highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom	$1,317	moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest