Cost of Living in Lipscomb, AL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
75.7
100 = national avg
-24.3 vs national average
Living Wage (1 Adult)
$33,294
per year
Living Wage (Family of 4)
$78,694
per year
Cost Index by Category
Housing70.3
Food85.0
Transportation70.0
Healthcare88.0
Utilities85.1
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 Lipscomb is 75.7, which is 24.3% below the national average. Housing costs are below the national average at an index of 70.3. A single adult needs to earn approximately $33,294 per year to cover basic expenses.