Cost of Living in Montevallo, AL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
91.2
100 = national avg
-8.8 vs national average
Living Wage (1 Adult)
$40,148
per year
Living Wage (Family of 4)
$94,896
per year
Cost Index by Category
Housing96.1
Food91.8
Transportation83.6
Healthcare93.4
Utilities94.3
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 Montevallo is 91.2, which is 8.8% below the national average. Housing costs are below the national average at an index of 96.1. A single adult needs to earn approximately $40,148 per year to cover basic expenses.