Cost of Living in Boaz, AL

Population 10,847 · Alabama · Data vintage 2023

51
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Boaz sits on the smaller end of the Alabama city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. A poverty rate near 20% adds context to the income figures — well above the US average, and worth factoring into any comparison with cities on the coasts or in the Rockies.

Located 45 miles southeast of Huntsville, Boaz falls within that metro's commuting orbit. Median home values run roughly 40% lower than Huntsville's $263,000.

Cost Overview

Housing 52
Rent 49

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Boaz

The median home value in Boaz is $158,200 — 48% below the national median of $305,000. Median rent runs $645/month, 51% lower than the national median of $1,314/month. The median household income of $49,962/year is 33% lower than the US median of $74,580. The local unemployment rate is 2.0%, below the national average of 4.8%. Alabama's top state income tax rate is 5.0% and the combined sales tax is 9.2%. Overall, Boaz has a cost of living index of 51 versus the US average of 100, meaning it is 49% less expensive.

🏠 Housing

Median Home Value
$158,200
48% below avg
Zillow Home Value
$207,625
Zillow ZHVI
Median Rent
$645/mo
51% below avg
Price-to-Rent Ratio
20.4x
Favors renting
Property Tax Rate
0.4%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$646
1 BR
$688
2 BR
$857
3 BR
$1,132
4 BR
$1,309
Owner-occupied 66.2%
Renter-occupied 33.8%

💰 Estimated Monthly Budget

Rent median rent
$645
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,259/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
23.1 min
14% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
3.9%

Commute Mode

Drove alone
85.3%
Carpooled
10.5%
Work from home
3.9%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 5.0%
Total Sales Tax 9.2%
State rate 4.0%
Avg local rate 5.2%
Property Tax 0.4%

💼 Income & Employment

Median Household Income
$49,962
33% below avg
Per Capita Income
$25,796
Unemployment Rate
2.0%
58% below avg
Poverty Rate
20.2%
Labor Force Participation
63.5%

🎓 Education

Bachelor's degree+ 11.4%
Graduate degree 5.2%

👥 Demographics

Median Age 34.1
Male median age 32.1
Female median age 35.6

Frequently Asked Questions

What is the cost of living in Boaz, AL?

Boaz has a cost index of 51 (100 = national average). It is 49% below the national average.

What is average rent in Boaz, AL?

The median gross rent in Boaz is $645 per month based on 2023 Census data.

What is the average home price in Boaz?

The median home value in Boaz is $158,200 according to Zillow and Census data.

What is the median income in Boaz?

The median household income in Boaz is $49,962 per year (2023 ACS 5-year estimates).

What is the sales tax in Boaz, AL?

The combined state and local sales tax rate in Boaz is 9.2%. The Alabama state income tax top rate is 5.0%.

Is Boaz, AL affordable?

Yes, Boaz is generally considered affordable, with a cost of living index of 51 — about 49% below the US national average of 100.

Boaz at a Glance

Population
10,847
Median Income
$49,962
Home Value
$158,200
Median Rent
$645/mo
Unemployment
2.0%
Sales Tax
9.2%
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🗺️ County data for Alabama

Explore county-level cost of living data

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