Cost of Living in Elkmont, AL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
78.8
100 = national avg
-21.2 vs national average
Living Wage (1 Adult)
$34,682
per year
Living Wage (Family of 4)
$81,975
per year
Cost Index by Category
Housing66.0
Food86.3
Transportation96.6
Healthcare89.0
Utilities85.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,136
per month
2 Bedroom
$1,310
per month
The overall cost of living index in Elkmont is 78.8, which is 21.2% below the national average. Housing costs are below the national average at an index of 66.0. A single adult needs to earn approximately $34,682 per year to cover basic expenses.