Roanoke, AL Cost Of Living

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

Cost Of Living In Roanoke, AL Summary

Cost of living in Roanoke 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 Roanoke 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 Roanoke is 82, with 100 being the average.

  • The cost of living index in Roanoke is 0.8x lower than the national average.

  • Roanoke ranks as the #10 cheapest in Alabama out of 115.

  • Roanoke ranks as the #377 cheapest out of 6,412 in the US.

  • The median home value in Roanoke is $114,500.

  • The median income in Roanoke is $38,731.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
82
Roanoke's Overall Cost Of Living
0.8x
Lower Than The National Average

What is the cost of living in Roanoke, AL?

According to the most recent data on the cost of living, Roanoke has an overall cost of living index of 82, which is 0.8x lower than the national index of 100.

Compared to Alabama, Roanoke has a cost of living index that's 0.9x lower than Alabama's index of 88.

The standard of living in Roanoke ranks as #10 most affordable out of the 115 places we measured in Alabama. By definition, that implies Roanoke ranks as the #105 most expensive place in the Heart of Dixie.

For more reading on life in Roanoke, check out:

10 out of 115
In Alabama
377 out of 6,412
In America

Roanoke Cost Of Living Vs. Alabama

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

  • The Services index in Roanoke is 97.

  • The Groceries index in Roanoke is 96.

  • The Health index in Roanoke is 102.

  • The Housing index in Roanoke is 47.

  • The Transportation index in Roanoke is 110.

  • The Utilities index in Roanoke is 86.

Living Expense Roanoke Alabama National Average
Overall 82 88 100
Services 97 95 100
Groceries 96 97 100
Health 102 88 100
Housing 47 69 100
Transportation 110 90 100
Utilities 86 101 100
For more reading on cost of living around Alabama, check out:
Roanoke Cost of Living Vs. AL

Roanoke, 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 Roanoke is $114,500.

  • The Median Rent in Roanoke is $598.

  • The Median Income in Roanoke is $38,731.

  • The Home Value To Income in Roanoke is 3.0x.

  • The Rent To Monthly Income in Roanoke is 0.19x.

Statistic Roanoke Alabama United States
Median Home Value $114,500 $157,100 $244,900
Median Rent $598 $852 $1,163
Median Income $38,731 $54,943 $69,021
Home Value To Income 3.0x 2.9x 3.5x
Rent To Monthly Income 0.19x 0.19x 0.2x
Search Homes For Sale In Roanoke, AL
$114,500
Median Home Value
$598
Median Rent
$38,731
Median Income

Roanoke, AL Costs By Category

Detailed Roanoke Services Costs Vs. Alabama

Item Roanoke Alabama
Shampoo $1.67 $1.06
Movie $10.78 $10.68
Bowling $4.12 $14.67
Haircut $9.85 $18.62
Beauty Salon $40.32 $39.05

Detailed Roanoke Groceries Costs Vs. Alabama

Item Roanoke Alabama
Ground Beef $3.7 $4.22
Fried Chicken $1.27 $1.39
Milk $2.03 $2.05
Potatoes $2.87 $3.29
Pizza $8.66 $10.62
Beer $8.35 $9.38
Toothpaste $2.62 $2.34

Detailed Roanoke Health Costs Vs. Alabama

Item Roanoke Alabama
Optometrist $75.39 $108.57
Doctor $139.84 $116.17
Dentist $78.43 $99.13

Detailed Roanoke Transportation Costs Vs. Alabama

Item Roanoke Alabama
Gasoline $2.19 $2.22
Tire Balancing $66.19 $50.07

Detailed Roanoke Utilities Costs Vs. Alabama

Item Roanoke Alabama
All Electricity $145.53 $167.67
Phone $25.14 $175.64

Roanoke SnackAbility

5
/10
Overall SnackAbility
Jobs
5/10
Housing
4
Affordability
8
Diversity
8.5
Safety
N/A
Amenities
6
Education
5
Commute
8

Cost Of Living In Cities Around Roanoke

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

  • Newnan, GA has a cost of living index of 99, 1.2x Roanoke.

  • LaGrange, GA has a cost of living index of 88, 1.1x Roanoke.

  • Opelika, AL has a cost of living index of 96, 1.2x Roanoke.

City Population Cost Of Living Vs. Roanoke
Newnan, GA 41,598 99 1.2x
LaGrange, GA 31,053 88 1.1x
Opelika, AL 30,810 96 1.2x
Carrollton, GA 26,773 89 1.1x
Oxford, AL 22,210 88 1.1x
Anniston, AL 21,455 84 1.0x
Villa Rica, GA 16,863 92 1.1x
Talladega, AL 15,782 80 1.0x
Saks, AL 10,504 83 1.0x
Bremen, GA 7,066 89 1.1x

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