Cost of Living in Collinsville, AL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
56.5
100 = national avg
-43.5 vs national average
Living Wage (1 Adult)
$24,861
per year
Living Wage (Family of 4)
$58,763
per year
Cost Index by Category
Housing33.3
Food74.0
Transportation76.8
Healthcare79.2
Utilities71.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$591
per month
2 Bedroom
$776
per month
The overall cost of living index in Collinsville is 56.5, which is 43.5% below the national average. Housing costs are below the national average at an index of 33.3. A single adult needs to earn approximately $24,861 per year to cover basic expenses.