Cost of Living in Pennington, AL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
51.8
100 = national avg
-48.2 vs national average
Living Wage (1 Adult)
$22,787
per year
Living Wage (Family of 4)
$53,861
per year
Cost Index by Category
Housing38.2
Food71.5
Transportation43.1
Healthcare77.2
Utilities70.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$616
per month
2 Bedroom
$778
per month
The overall cost of living index in Pennington is 51.8, which is 48.2% below the national average. Housing costs are below the national average at an index of 38.2. A single adult needs to earn approximately $22,787 per year to cover basic expenses.