Cost of Living in Bon Air, Alabama

Cost of Living in Bon Air, Alabama

Bon Air is a town in Talladega County, Alabama, with a population of 87. The total cost of housing, food, child care, transportation, health care, taxes, and other necessities for a single adult in Bon Air is $32,916 a year — less than the annual cost of living for Alabama of $35,317 and less than the national figure of $38,433.

Using cost of living data from the nonprofift think tank Economic Policy Institute, 24/7 Wall St. estimated the cost of living in Bon Air and over 29,000 other cities and towns in the US.

Housing Costs in Bon Air, Alabama

Housing is one of the largest components of cost of living. In Bon Air, the median home value is $65,600, less than the national median home value of $204,900.

Renting is a sometimes lower cost alternative to homeownership. In Bon Air, some 34.10% of occupied homes are rented, about the same as the 36.2% national renter rate. The typical renter in Bon Air spends $617 a month on housing, about the same as the $1,023 national median monthly rent.

In addition to home value, one of the largest determinants of housing affordability is area income. While nationwide the price of a typical U.S. home is 3.4 times the $60,293 U.S. median household income, housing affordability ratios range from approximately 1.0 in the least expensive cities to more than 10.0 in the country's most expensive markets. In Bon Air, the median household income is $26,875, 2.4 times the median home value.

Transportation Costs in Bon Air, Alabama

Transportation can also be a significant component of cost of living. In Bon Air, 78.60% of commuters drive to work, compared to 85.5% of commuters nationwide. An estimated 85.70% of workers commute to jobs outside of Bon Air, a larger share than the 43.7% share of commuters nationwide who live and work in different cities. The average commute in Bon Air is 20 minutes long, compared to the 26.6-minute average commute nationwide. Taking into account the cost of gas, as well as public transit and car maintenance, the EPI estimates that a single person in Bon Air spends $10,402 a year on transportation, more than the national average of $9,760.

Health Care Costs in Bon Air, Alabama

Out-of-pocket health care costs and insurance premiums — assuming at least a basic level of health insurance coverage — are slightly higher than they are on average nationwide in Bon Air but below what they are across Alabama as a whole.

For a single adult living in the area, average health care costs come out to $4,509 per year, compared to an average of $4,769 across Alabama and $4,266 nationwide.

Child care Costs in Bon Air, Alabama

For families with children, child care adds thousands of dollars to overall annual spending. In Bon Air, the average annual cost of child care for two children — one 4 year old and one 8 year old — is $11,205, about $1,700 less than the comparable average of $12,931 across all of Alabama. Meanwhile, across the U.S. as a whole, childcare expenses for two children averages $15,853 per year.

Food Costs in Bon Air, Alabama

Food is another every day expense that has a significant impact on overall cost of living. Data from the U.S. Department of Agriculture shows that the cost of food varies from city to city and town to town.

In Bon Air, a single adult spends an average of $3,206 on food annually, and a family of four spends $9,259 on average. For context, average annual food expenditure across Alabama and the U.S., respectively, are $3,210 and $3,240 for a single adult, and $9,271 and $9,354 for a family of four. These estimates are calculated for a nutritionally adequate diet of food purchased at a grocery store for at-home preparation.

Taxes in Bon Air, Alabama

Few expenses vary as much from city to city and town to town as taxes. Accounting for state and federal income taxes, as well as Social Security contributions and Medicare payroll taxes, the average adult working in Bon Air, Alabama pays $5,573 annually — relatively little compared to the statewide average of $6,084.

It is important to note that these calculations do not include other common taxes such as property, sales, and excise taxes. Accounting for these taxes, while excluding taxes levied at the federal level, Bon Air residents live in a state with a low average tax burden. Per capita state tax collections in Alabama total $2,262 per year, compared to the $3,151 average across all states.

Methodology

To estimate the cost of housing, food, transportation, health care, child care, taxes, and other necessities, 24/7 Wall St. assigned county-level Economic Policy Institute data to cities, towns, villages and Census-designated places based on boundary definitions from the U.S. Census Bureau. For places that span multiple counties, data was aggregated based on the percentage of boundary overlap.


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