Cost of Living in Homewood, AL
Overall index: 130 (100 = US national average). Data source: US Census ACS 2023 & BLS OEWS 2025, 2025.
Overall Cost of Living Index
Cost Breakdown by Category
| Category | Index | vs US avg | Sample cost |
|---|---|---|---|
| Housing | 144 | +44% | $1,020 |
| Transportation | 97 | -3% | $3.50 |
| Food | 145 | +45% | $595 |
| Utilities | 122 | +22% | $259 |
| Healthcare | 122 | +22% | $187 |
Index 100 = US national average. Higher = more expensive.
Cost breakdown (visual)
Salary Calculator: What do you need to earn in Homewood?
A single adult living comfortably in Homewood, AL needs approximately $45,500 / year after taxes.
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Frequently Asked Questions
What is the cost of living in Homewood, AL?
The overall cost of living in Homewood, AL is 30% higher than the US national average (index: 130 where 100 = national average).
How much is rent in Homewood, AL?
Average rent for a 1-bedroom apartment in Homewood, AL is about $1,020/month.
Is Homewood, AL expensive to live in?
Yes, Homewood, AL is considered expensive (index above national average).
What salary do I need to live in Homewood, AL?
A single adult needs roughly $45,500/year to cover basic living costs in Homewood, AL.