Cost of Living in Underwood-Petersville, AL

Population 3,049 · Alabama · Data vintage 2023

46
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Underwood-Petersville's median household income of $43,000 is a meaningful share below the national figure, which shapes most of the downstream economic indicators — from housing affordability to the share of residents living below the poverty line (17% here).

Located 60 miles west of Huntsville, Underwood-Petersville is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 55% lower than Huntsville's $263,000.

Cost Overview

Housing 39
Rent 57

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

About the Cost of Living in Underwood-Petersville

The median home value in Underwood-Petersville is $118,900 — 61% below the national median of $305,000. Median rent runs $749/month, 43% lower than the national median of $1,314/month. The median household income of $43,000/year is 42% 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%. Overall, Underwood-Petersville has a cost of living index of 46 versus the US average of 100, meaning it is 54% less expensive.

🏠 Housing

Median Home Value
$118,900
61% below avg
Median Rent
$749/mo
43% below avg
Price-to-Rent Ratio
13.2x
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 73.7%
Renter-occupied 26.3%

💰 Estimated Monthly Budget

Rent median rent
$749
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,363/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
23.3 min
14% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
3.7%

Commute Mode

Drove alone
75.6%
Carpooled
14.9%
Walked
2.8%
Work from home
3.7%

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
$43,000
42% below avg
Per Capita Income
$29,485
Unemployment Rate
6.0%
25% above avg
Poverty Rate
16.6%
Labor Force Participation
62.0%

🎓 Education

Bachelor's degree+ 10.9%
Graduate degree 2.5%

👥 Demographics

Median Age 41.5
Male median age 40
Female median age 44.2

Frequently Asked Questions

What is the cost of living in Underwood-Petersville, AL?

Underwood-Petersville has a cost index of 46 (100 = national average). It is 54% below the national average.

What is average rent in Underwood-Petersville, AL?

The median gross rent in Underwood-Petersville is $749 per month based on 2023 Census data.

What is the average home price in Underwood-Petersville?

The median home value in Underwood-Petersville is $118,900 according to 2023 Census ACS data.

What is the median income in Underwood-Petersville?

The median household income in Underwood-Petersville is $43,000 per year (2023 ACS 5-year estimates).

What is the sales tax in Underwood-Petersville, AL?

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

Is Underwood-Petersville, AL affordable?

Yes, Underwood-Petersville is generally considered affordable, with a cost of living index of 46 — about 54% below the US national average of 100.

Underwood-Petersville at a Glance

Population
3,049
Median Income
$43,000
Home Value
$118,900
Median Rent
$749/mo
Unemployment
6.0%
Sales Tax
9.2%
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