Lincoln, AL Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Lincoln, AL Summary

Cost of living in Lincoln research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Lincoln is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Alabama, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Lincoln is 90, with 100 being the average.

  • The cost of living index in Lincoln is 0.9x lower than the national average.

  • Lincoln ranks as the #57 cheapest in Alabama out of 115.

  • Lincoln ranks as the #1,633 cheapest out of 6,412 in the US.

  • The median home value in Lincoln is $152,500.

  • The median income in Lincoln is $63,464.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
90
Lincoln's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Lincoln, AL?

According to the most recent data on the cost of living, Lincoln has an overall cost of living index of 90, which is 0.9x lower than the national index of 100.

Compared to Alabama, Lincoln has a cost of living index that's 1.0x higher than Alabama's index of 88.

The standard of living in Lincoln ranks as #57 most affordable out of the 115 places we measured in Alabama. By definition, that implies Lincoln ranks as the #58 most expensive place in the Heart of Dixie.

For more reading on life in Lincoln, check out:

57 out of 115
In Alabama
1,633 out of 6,412
In America

Lincoln Cost Of Living Vs. Alabama

Six factors go into calculating the cost of living index in Lincoln. Here is how it fairs on each of the criteria:

  • The Services index in Lincoln is 87.

  • The Groceries index in Lincoln is 88.

  • The Health index in Lincoln is 80.

  • The Housing index in Lincoln is 72.

  • The Transportation index in Lincoln is 87.

  • The Utilities index in Lincoln is 124.

Living Expense Lincoln Alabama National Average
Overall 90 88 100
Services 87 95 100
Groceries 88 97 100
Health 80 88 100
Housing 72 69 100
Transportation 87 90 100
Utilities 124 101 100
For more reading on cost of living around Alabama, check out:
Lincoln Cost of Living Vs. AL

Lincoln, AL Housing Cost Breakdown

Housing swings affordability the most between places in Alabama, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Lincoln is $152,500.

  • The Median Rent in Lincoln is $952.

  • The Median Income in Lincoln is $63,464.

  • The Home Value To Income in Lincoln is 2.4x.

  • The Rent To Monthly Income in Lincoln is 0.18x.

Statistic Lincoln Alabama United States
Median Home Value $152,500 $157,100 $244,900
Median Rent $952 $852 $1,163
Median Income $63,464 $54,943 $69,021
Home Value To Income 2.4x 2.9x 3.5x
Rent To Monthly Income 0.18x 0.19x 0.2x
Search Homes For Sale In Lincoln, AL
$152,500
Median Home Value
$952
Median Rent
$63,464
Median Income

Lincoln, AL Costs By Category

Detailed Lincoln Services Costs Vs. Alabama

Item Lincoln Alabama
Shampoo $1.0 $1.06
Movie $10.95 $10.68
Bowling $10.0 $14.67
Haircut $14.06 $18.62
Beauty Salon $31.0 $39.05

Detailed Lincoln Groceries Costs Vs. Alabama

Item Lincoln Alabama
Ground Beef $3.44 $4.22
Fried Chicken $1.3 $1.39
Milk $1.54 $2.05
Potatoes $2.7 $3.29
Pizza $10.32 $10.62
Beer $8.1 $9.38
Toothpaste $1.98 $2.34

Detailed Lincoln Health Costs Vs. Alabama

Item Lincoln Alabama
Optometrist $78.37 $108.57
Doctor $82.92 $116.17
Dentist $77.58 $99.13

Detailed Lincoln Transportation Costs Vs. Alabama

Item Lincoln Alabama
Gasoline $1.95 $2.22
Tire Balancing $43.17 $50.07

Detailed Lincoln Utilities Costs Vs. Alabama

Item Lincoln Alabama
All Electricity $246.01 $167.67
Phone $181.81 $175.64

Lincoln SnackAbility

5
/10
Overall SnackAbility
Jobs
6/10
Housing
7
Affordability
8.5
Diversity
8.5
Safety
N/A
Amenities
6
Education
6
Commute
8

Cost Of Living In Cities Around Lincoln

The cost of living varies in the cities and towns around Lincoln. Here's a quick look at the cost of living in the most populous nearby places:

  • Birmingham, AL has a cost of living index of 87, 1.0x Lincoln.

  • Gadsden, AL has a cost of living index of 81, 0.9x Lincoln.

  • Oxford, AL has a cost of living index of 88, 1.0x Lincoln.

City Population Cost Of Living Vs. Lincoln
Birmingham, AL 202,234 87 1.0x
Gadsden, AL 34,317 81 0.9x
Oxford, AL 22,210 88 1.0x
Anniston, AL 21,455 84 0.9x
Talladega, AL 15,782 80 0.9x
Irondale, AL 13,457 91 1.0x
Moody, AL 13,100 92 1.0x
Jacksonville, AL 13,076 86 1.0x
Sylacauga, AL 12,512 90 1.0x
Saks, AL 10,504 83 0.9x

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