Cost of Living in Cottonwood, AL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
57.8
100 = national avg
-42.2 vs national average
Living Wage (1 Adult)
$25,442
per year
Living Wage (Family of 4)
$60,137
per year
Cost Index by Category
Housing41.2
Food77.1
Transportation54.1
Healthcare81.7
Utilities74.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$762
per month
2 Bedroom
$950
per month
The overall cost of living index in Cottonwood is 57.8, which is 42.2% below the national average. Housing costs are below the national average at an index of 41.2. A single adult needs to earn approximately $25,442 per year to cover basic expenses.