Cost of Living in Hoover, AL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
153.1
100 = national avg
+53.1 vs national average
Living Wage (1 Adult)
$67,356
per year
Living Wage (Family of 4)
$159,205
per year
Cost Index by Category
Housing165.5
Food132.4
Transportation164.8
Healthcare125.9
Utilities132.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,155
per month
2 Bedroom
$1,266
per month
The overall cost of living index in Hoover is 153.1, which is 53.1% above the national average. Housing costs are above the national average at an index of 165.5. A single adult needs to earn approximately $67,356 per year to cover basic expenses.