Why it’s Frugal to Live in Alabama

Posted by Mrs Money on February 24th, 2010

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image from US Mint
This is part one of a new series here at Ultimate Money Blog. I’m going to be featuring fun money facts about all 50 states in America and why it is frugal to live in that particular state.

What do you picture when you hear about the state of Alabama? Is it banjos, warm weather, and the ocean? There’s more to Alabama than that! Alabama is a great place to live for frugal people for many reasons.

Economy

Alabama’s economy heavily relies on agriculture. They produce cattle, poultry, eggs, corn, sorghum, grains, and peaches. Cotton is one of the main crops, and Alabama is also known as “The Cotton State”.

Their industrial economy produces steel, iron, paper, lumber, and even some aerospace products.

Taxes

The state’s general sales tax sits at 4%, which I think is fabulous! However, there may be city and/or county taxes, so don’t too excited.

Employment

The current unemployment rate in Alabama is 11%.  If you are interested in a career in banking, auto manufacturing, or telecommunications, you may want to move to Alabama.

Housing Costs

One of the most affordable areas to live in Alabama is Florence-Muscle Shoals, where the average house price is just $97,000. Wow!

Do you live in Alabama?  Would you ever consider moving there?


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14 Responses to “Why it’s Frugal to Live in Alabama”


  1. I like the idea of looking at states where housing prices are lower–since I come from California. I’ve got nothing against living in Alabama per se–the housing prices are not so expensive! Sounds great.

    That said, there is always the hidden cost of living far from family. DH and I are currently looking at living in a rural area in exchange for an urban one in France(close to our family here) in order to save on housing and travel to visit family–but we’re still in the research phase.

    [Reply]

    Mrs Money Reply:

    Simple in France- I think I will have a problem figuring out why it’s frugal to live in CA. ;)

    I am about 5 hours away from my family and I know what you mean! I hope you find a happy medium! :)

    [Reply]

  2. As someone who used to live in Alabama, I say DON’T DO IT!! Just kidding, it’s not that bad of a place to live but the reason I left was due to the lack of employment opportunity (I’m from West Alabama).

    I live in Atlanta now and when I go back home, it’s like night and day.

    [Reply]

    Mrs Money Reply:

    Single Guy Money- I don’t think I personally could live there. :) I think Atlanta would be a fabulous place to live!

    [Reply]

  3. Mrs. Frugal says:

    We live in California now but we’d consider moving somewhere with overall lower cost of living and high quality of life. Some of the things that matter are cost of housing, health care, taxes (property and income), educational system, economy and climate. I’m looking forward to the rest of this series.

    [Reply]

    Mrs Money Reply:

    Mrs. Frugal- California is going to be a tough one, along with Michigan! ;) Thanks so much for your positive comment. I was worried how this would go over. I thought it would be fun though!

    [Reply]

  4. Little House says:

    I love finding out facts about other states. Because I live in California, most other states seem so much more economical! I probably wouldn’t move to Alabama because of the humidity, but I look forward to your facts on other states.

    [Reply]

    Mrs Money Reply:

    Little House- You are the third person from CA! Wow. I don’t think I could move to Alabama either because of the humidity. I loved it in Colorado because it was so dry!

    [Reply]


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