States › Alabama › Montevallo

Is Montevallo, AL expensive to live in?

OKRent takes 22 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,11237% lower than U.S. average
💵 Families earn per year (2026)$61,071about $5,089/month · 30% lower than U.S. average
🔑 House price$220,70034% lower than U.S. average

Rent is lower than in 81% of U.S. cities. A typical house costs about 3.6 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $44,480 a year. That is $21 an hour at a full-time job.

Is rent cheaper than other Alabama cities?

Yes. Rent here is cheaper than in most of Alabama. It is number 51 of 120 cities from cheapest to most expensive.

Montevallo
$1,112
Wetumpka
$1,241
Lincoln
$967
Pinson
$2,256
Robertsdale
$1,048
Greenville
$597
Brook Highland
$2,098

How much do households earn in Montevallo?

Under $25k
19.2%
$25k–50k
26.9%
$50k–100k
33.3%
$100k–150k
12.2%
$150k+
2.8%

Share of households by yearly income. 15.0% of households earn $100,000 or more.

Rent by apartment size in Montevallo

SizeMontevalloU.S. average
1 bedroom$939$1,324
2 bedrooms$954$1,509
3 bedrooms$1,237$1,698
4 bedrooms$2,298$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Montevallo overall?

Everyday prices in Alabama overall are 11% below the U.S. average (index 88.8, U.S. = 100).

Housing
62
Goods (food, clothes…)
96
Utilities
85
Other services
97
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Montevallo, so the Alabama figure is shown.

Taxes and bills in Montevallo

🏛️ Property tax$874a year · 0.40% of home value · U.S. $3,119
⚡ Electric bill$198a month (typical) · U.S. $156

Life in Montevallo

Commute to work24.8 minU.S.: 26.4 min
College degree30.4%U.S.: 35.7%
Own their home64.9%U.S.: 65.2%
Below poverty line17.7%U.S.: 12.5%
Unemployment7.2%U.S.: 5.2%

Is it cheaper to rent or buy in Montevallo?

Renting is cheaper right now: about $419 a month less.

Renting
$1,112
Owning
$1,531

Owning assumes a typical $220,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $22,070 for the down payment.

Frequently asked questions

What is the average rent in Montevallo, AL?

Renting in Montevallo costs a median of about $1,112 a month in 2026, including utilities. The Alabama median is $1,175.

How much do I need to make to live in Montevallo?

To keep rent under 30% of income, you need about $44,480 a year, or $21 an hour at a full-time job.

Is Montevallo cheap or expensive?

Montevallo is rated OK: rent takes 21.8% of the typical household income of $61,071. It ranks 51st cheapest of 120 Alabama cities we track.

How much are property taxes in Montevallo?

The median homeowner in Montevallo pays $874 a year in property taxes, about 0.40% of the median home value.

Is Montevallo more expensive than the national average?

Overall prices in Alabama are 11% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Montevallo?

The median home value in Montevallo is $220,700, about 3.6 times the typical yearly household income.

7,556 people live in Montevallo. Numbers are typical (middle) values.