Cost of Living in Lake View, AL
Population 4,238 · Alabama · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Lake View a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $286,000. The labor market has been unusually tight, with unemployment around 0.7% — below most comparable cities in the state.
Geographically, Lake View sits roughly 25 miles east of Tuscaloosa. Median home values run roughly 21% higher than Tuscaloosa's $237,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Lake View
The median home value in Lake View is $285,700 — 6% below the national median of $305,000. Median rent runs $1,022/month, 22% lower than the national median of $1,314/month. The median household income of $96,409/year is 29% higher than the US median of $74,580. The local unemployment rate is 0.7%, 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, Lake View has a cost of living index of 87 versus the US average of 100, meaning it is 13% less expensive.
Lake View 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
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Lake View, AL?
Lake View has a cost index of 87 (100 = national average). It is 13% below the national average.
What is average rent in Lake View, AL?
The median gross rent in Lake View is $1,022 per month based on 2023 Census data.
What is the average home price in Lake View?
The median home value in Lake View is $285,700 according to 2023 Census ACS data.
What is the median income in Lake View?
The median household income in Lake View is $96,409 per year (2023 ACS 5-year estimates).
What is the sales tax in Lake View, AL?
The combined state and local sales tax rate in Lake View is 9.2%. The Alabama state income tax top rate is 5.0%.
Is Lake View, AL affordable?
Yes, Lake View is generally considered affordable, with a cost of living index of 87 — about 13% below the US national average of 100.
Lake View at a Glance
- Population
- 4,238
- Median Income
- $96,409
- Home Value
- $285,700
- Median Rent
- $1,022/mo
- Unemployment
- 0.7%
- Sales Tax
- 9.2%
Explore county-level cost of living data
Alabama Rankings
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