Cost of Living in Springville, AL

Population 4,949 · Alabama · Data vintage 2023

75
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Springville a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $260,000. The labor market has been unusually tight, with unemployment around 1.8% — below most comparable cities in the state.

Springville sits roughly 25 miles northeast of Birmingham — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 88% higher than Birmingham's $139,000.

Cost Overview

Housing 85
Rent 60

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

About the Cost of Living in Springville

The median home value in Springville is $260,400 — 15% below the national median of $305,000. Median rent runs $783/month, 40% lower than the national median of $1,314/month. The median household income of $76,964/year is 3% higher than the US median of $74,580. The local unemployment rate is 1.8%, 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, Springville has a cost of living index of 75 versus the US average of 100, meaning it is 25% less expensive.

🏠 Housing

Median Home Value
$260,400
15% below avg
Zillow Home Value
$320,314
Zillow ZHVI
Median Rent
$783/mo
40% below avg
Price-to-Rent Ratio
27.7x
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 88.3%
Renter-occupied 11.7%

💰 Estimated Monthly Budget

Rent median rent
$783
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,397/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
35.0 min
30% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
11.8%

Commute Mode

Drove alone
81.6%
Carpooled
6.7%
Work from home
11.8%

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
$76,964
3% above avg
Per Capita Income
$38,308
Unemployment Rate
1.8%
63% below avg
Poverty Rate
3.0%
Labor Force Participation
55.3%

🎓 Education

Bachelor's degree+ 23.7%
Graduate degree 10.9%

👥 Demographics

Median Age 45.2
Male median age 42.8
Female median age 46.9

Frequently Asked Questions

What is the cost of living in Springville, AL?

Springville has a cost index of 75 (100 = national average). It is 25% below the national average.

What is average rent in Springville, AL?

The median gross rent in Springville is $783 per month based on 2023 Census data.

What is the average home price in Springville?

The median home value in Springville is $260,400 according to Zillow and Census data.

What is the median income in Springville?

The median household income in Springville is $76,964 per year (2023 ACS 5-year estimates).

What is the sales tax in Springville, AL?

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

Is Springville, AL affordable?

Yes, Springville is generally considered affordable, with a cost of living index of 75 — about 25% below the US national average of 100.

Springville at a Glance

Population
4,949
Median Income
$76,964
Home Value
$260,400
Median Rent
$783/mo
Unemployment
1.8%
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