Small Town3,217 people

Hanceville, AL

Discover how far your salary goes in Hanceville. Compare taxes, rent, and living costs.

Cost Index
83
💚 Very Affordable
Population

3,217

State Tax

5.0%

1BR Rent

$893

/month

vs National

-36%

below avg

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Rent Prices in Hanceville

🏠

Studio

$714

/month

$8,568/year

Most Common
🛏️

1 Bedroom

$893

/month

$10,716/year

🏡

2 Bedroom

$1,205

/month

$14,460/year

🏘️

3 Bedroom

$1,562

/month

$18,744/year

Taxes in Alabama

State Income Tax

Alabama

5.0%

For a $100k salary, that's ~$5,000/year in state taxes.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

What is the cost of living in Hanceville, AL?

Hanceville has a cost of living index of 83, which is 17% below the national average. A 1-bedroom apartment costs around $893/month.

What is the state income tax in Alabama?

Alabama has a state income tax rate of approximately 5.0%. This is in addition to federal income tax.

How much is rent in Hanceville?

The median rent for a 1-bedroom apartment in Hanceville is $893/month. For a 2-bedroom, expect to pay around $1,205/month. This is 36% below the national average.

Is Hanceville a good place to live?

Hanceville is a small town with a population of 3,217. The cost of living is very affordable, making it more affordable than average for the US.

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