Cost of Living in Oakman, AL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
74.3
100 = national avg
-25.7 vs national average
Living Wage (1 Adult)
$32,689
per year
Living Wage (Family of 4)
$77,266
per year
Cost Index by Category
Housing33.1
Transportation166.7
Utilities79.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$724
per month
2 Bedroom
$886
per month
The overall cost of living index in Oakman is 74.3, which is 25.7% below the national average. Housing costs are below the national average at an index of 33.1. A single adult needs to earn approximately $32,689 per year to cover basic expenses.