Cost of Living in Red Bay, AL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
62.9
100 = national avg
-37.1 vs national average
Living Wage (1 Adult)
$27,690
per year
Living Wage (Family of 4)
$65,448
per year
Cost Index by Category
Housing54.7
Food77.2
Transportation54.4
Healthcare81.8
Utilities77.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$704
per month
2 Bedroom
$776
per month
The overall cost of living index in Red Bay is 62.9, which is 37.1% below the national average. Housing costs are below the national average at an index of 54.7. A single adult needs to earn approximately $27,690 per year to cover basic expenses.