Cost of Living in Falkville, AL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
71.6
100 = national avg
-28.4 vs national average
Living Wage (1 Adult)
$31,488
per year
Living Wage (Family of 4)
$74,427
per year
Cost Index by Category
Housing64.1
Food83.0
Transportation66.0
Healthcare86.4
Utilities82.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$776
per month
2 Bedroom
$961
per month
The overall cost of living index in Falkville is 71.6, which is 28.4% below the national average. Housing costs are below the national average at an index of 64.1. A single adult needs to earn approximately $31,488 per year to cover basic expenses.