Cost of Living in Hanceville, AL
Population 3,255 · Alabama · Data vintage 2023
(100 = US avg)
At $39,894, median household incomes in Hanceville land roughly 47% below the US median, a gap that tends to persist across local labor-market indicators.
Located 35 miles north of Birmingham, Hanceville falls within that metro's commuting orbit. Median home values run roughly 19% higher than Birmingham's $139,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Hanceville
The median home value in Hanceville is $164,500 — 46% below the national median of $305,000. Median rent runs $744/month, 43% lower than the national median of $1,314/month. The median household income of $39,894/year is 47% lower than the US median of $74,580. The local unemployment rate is 4.8%, 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, Hanceville has a cost of living index of 55 versus the US average of 100, meaning it is 45% less expensive.
Hanceville has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
Frequently Asked Questions
What is the cost of living in Hanceville, AL?
Hanceville has a cost index of 55 (100 = national average). It is 45% below the national average.
What is average rent in Hanceville, AL?
The median gross rent in Hanceville is $744 per month based on 2023 Census data.
What is the average home price in Hanceville?
The median home value in Hanceville is $164,500 according to Zillow and Census data.
What is the median income in Hanceville?
The median household income in Hanceville is $39,894 per year (2023 ACS 5-year estimates).
What is the sales tax in Hanceville, AL?
The combined state and local sales tax rate in Hanceville is 9.2%. The Alabama state income tax top rate is 5.0%.
Is Hanceville, AL affordable?
Yes, Hanceville is generally considered affordable, with a cost of living index of 55 — about 45% below the US national average of 100.
Hanceville at a Glance
- Population
- 3,255
- Median Income
- $39,894
- Home Value
- $164,500
- Median Rent
- $744/mo
- Unemployment
- 4.8%
- Sales Tax
- 9.2%
Explore county-level cost of living data
Alabama Rankings
Similar Cost Cities
Cities in other states with comparable housing costs