Cost of Living in Mount Olive, AL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
66.2
100 = national avg
-33.8 vs national average
Living Wage (1 Adult)
$29,113
per year
Living Wage (Family of 4)
$68,813
per year
Cost Index by Category
Housing37.5
Food88.0
Transportation76.0
Healthcare90.4
Utilities80.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$615
per month
2 Bedroom
$776
per month
The overall cost of living index in Mount Olive is 66.2, which is 33.8% below the national average. Housing costs are below the national average at an index of 37.5. A single adult needs to earn approximately $29,113 per year to cover basic expenses.