Cost of Living in Lincoln, AL

Population 7,135 · Alabama · Data vintage 2023

64
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Lincoln is a smaller Alabama community of around 7000 residents, where median household incomes of $60,793 and housing costs ($182,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.

Located 40 miles east of Birmingham, Lincoln falls within that metro's commuting orbit. Median home values run roughly 31% higher than Birmingham's $139,000.

Cost Overview

Housing 60
Rent 69

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

About the Cost of Living in Lincoln

The median home value in Lincoln is $181,900 — 40% below the national median of $305,000. Median rent runs $911/month, 31% lower than the national median of $1,314/month. The median household income of $60,793/year is 18% lower than the US median of $74,580. The local unemployment rate is 6.0%, above the national average of 4.8%. Alabama's top state income tax rate is 5.0% and the combined sales tax is 9.2%. The climate averages highs of 73.7°F and lows of 50.8°F. Overall, Lincoln has a cost of living index of 64 versus the US average of 100, meaning it is 36% less expensive.

🏠 Housing

Median Home Value
$181,900
40% below avg
Zillow Home Value
$215,854
Zillow ZHVI
Median Rent
$911/mo
31% below avg
Zillow Rent
$1,485/mo
Zillow ZORI
Price-to-Rent Ratio
16.6x
Favors buying
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 91.3%
Renter-occupied 8.7%

💰 Estimated Monthly Budget

Rent median rent
$911
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,525/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
29.1 min
8% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
1.2%

Commute Mode

Drove alone
88.5%
Carpooled
8.2%
Walked
0.6%
Work from home
1.2%

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
$60,793
18% below avg
Per Capita Income
$32,205
Unemployment Rate
6.0%
24% above avg
Poverty Rate
15.3%
Labor Force Participation
61.9%

🎓 Education

Bachelor's degree+ 10.2%
Graduate degree 9.1%

👥 Demographics

Median Age 41.2
Male median age 41
Female median age 41.7

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
73.7°F
Avg Low
50.8°F
Annual Precip
52.2"
30° 45° 60° 75° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 545966758188909085766457
Low °F 333643495867706963503935
Precip" 4.895.135.714.413.344.094.533.643.533.064.865.04

Frequently Asked Questions

What is the cost of living in Lincoln, AL?

Lincoln has a cost index of 64 (100 = national average). It is 36% below the national average.

What is average rent in Lincoln, AL?

The median gross rent in Lincoln is $911 per month based on 2023 Census data.

What is the average home price in Lincoln?

The median home value in Lincoln is $181,900 according to Zillow and Census data.

What is the median income in Lincoln?

The median household income in Lincoln is $60,793 per year (2023 ACS 5-year estimates).

What is the sales tax in Lincoln, AL?

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

Is Lincoln, AL affordable?

Yes, Lincoln is generally considered affordable, with a cost of living index of 64 — about 36% below the US national average of 100.

What is the weather like in Lincoln?

Lincoln has average high temperatures of 73.7°F and average lows of 50.8°F. Annual precipitation is 52.2". Data from NOAA 1991–2020 Climate Normals.

Lincoln at a Glance

Population
7,135
Median Income
$60,793
Home Value
$181,900
Median Rent
$911/mo
Unemployment
6.0%
Avg High Temp
73.7°F
Sales Tax
9.2%
View all cities in Alabama →
🗺️ County data for Alabama

Explore county-level cost of living data

Similar Cost Cities

Cities in other states with comparable housing costs