Cost of Living in Rainbow City, AL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
96.1
100 = national avg
-3.9 vs national average
Living Wage (1 Adult)
$42,276
per year
Living Wage (Family of 4)
$99,925
per year
Cost Index by Category
Housing100.0
Food95.6
Transportation91.2
Healthcare96.5
Utilities97.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$792
per month
2 Bedroom
$927
per month
The overall cost of living index in Rainbow City is 96.1, which is 3.9% below the national average. Housing costs are below the national average at an index of 100.0. A single adult needs to earn approximately $42,276 per year to cover basic expenses.