Discretionary Income in Birmingham, AL in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Birmingham, AL is ranked 77th out of the top 333 most populated cities in the U.S. for having the highest discretionary income. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Birmingham, AL
Gross Salary
$8,333
Taxes
$1,605
Cost of Living
$3,319
Discretionary Income
$3,410
With a gross annual salary of $100,000 in Birmingham, AL, you would need to deduct approximately $1,605 per month for taxes. Given that the average cost of living in Birmingham is $3,319, you would have around $3,410 remaining in your pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Birmingham, AL, regardless of household composition or number of income earners.
Salary and Discretionary Income Per Gross Salary Level in Birmingham, AL in 2024
Gross Annual Salary | Estimated Monthly Discretionary Income in Birmingham, AL |
---|---|
$30,000 | -$1,087 |
$40,000 | -$395 |
$50,000 | $297 |
$60,000 | $976 |
$70,000 | $1,585 |
$80,000 | $2,193 |
$90,000 | $2,801 |
$100,000 | $3,410 |
$110,000 | $4,017 |
$120,000 | $4,608 |
$130,000 | $5,200 |
$140,000 | $5,792 |
$150,000 | $6,383 |
$175,000 | $7,863 |
$200,000 | $9,315 |
$250,000 | $11,927 |
$300,000 | $14,427 |
$350,000 | $16,927 |
$400,000 | $19,427 |
$450,000 | $21,927 |
$500,000 | $24,427 |
Discretionary Income in Birmingham, AL in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Birmingham, AL is ranked 104th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for singles. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Birmingham, AL
Gross Salary
$8,333
Taxes
$1,605
Cost of Living
$2,225
Discretionary Income
$4,504
With a gross annual salary of $100,000 in Birmingham, AL, a single person would need to deduct approximately $1,605 per month for taxes. Considering the average cost of living in Birmingham is $2,225, singles would have around $4,504 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Birmingham, AL, assuming that the gross salary is earned by a single person.
Salary and Discretionary Income Per Gross Salary Level in Birmingham, AL in 2024
Gross Annual Salary | Estimated Monthly Discretionary Income in Birmingham, AL |
---|---|
$30,000 | $7 |
$40,000 | $699 |
$50,000 | $1,391 |
$60,000 | $2,070 |
$70,000 | $2,679 |
$80,000 | $3,287 |
$90,000 | $3,895 |
$100,000 | $4,504 |
$110,000 | $5,111 |
$120,000 | $5,702 |
$130,000 | $6,294 |
$140,000 | $6,886 |
$150,000 | $7,477 |
$175,000 | $8,957 |
$200,000 | $10,409 |
$250,000 | $13,022 |
$300,000 | $15,522 |
$350,000 | $18,022 |
$400,000 | $20,522 |
$450,000 | $23,022 |
$500,000 | $25,522 |
Discretionary Income in Birmingham, AL in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Birmingham, AL is ranked 78th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for couples. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Birmingham, AL
Gross Salary
$8,333
Taxes
$1,605
Cost of Living
$3,296
Discretionary Income
$3,432
With a gross annual salary of $100,000 in Birmingham, AL, a couple would need to deduct approximately $1,605 per month for taxes. Considering the average cost of living in Birmingham is $3,296, couples would have around $3,432 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Birmingham, AL, assuming that the gross salary is earned by a couple.
Salary and Discretionary Income Per Gross Salary Level in Birmingham, AL in 2024
Gross Annual Salary | Estimated Monthly Discretionary Income in Birmingham, AL |
---|---|
$30,000 | -$1,064 |
$40,000 | -$373 |
$50,000 | $319 |
$60,000 | $999 |
$70,000 | $1,607 |
$80,000 | $2,216 |
$90,000 | $2,824 |
$100,000 | $3,432 |
$110,000 | $4,039 |
$120,000 | $4,631 |
$130,000 | $5,223 |
$140,000 | $5,814 |
$150,000 | $6,406 |
$175,000 | $7,885 |
$200,000 | $9,337 |
$250,000 | $11,950 |
$300,000 | $14,450 |
$350,000 | $16,950 |
$400,000 | $19,385 |
$450,000 | $21,801 |
$500,000 | $24,218 |
Discretionary Income in Birmingham, AL in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Birmingham, AL is ranked 64th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for single parents. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Birmingham, AL
Gross Salary
$8,333
Taxes
$1,344
Cost of Living
$3,160
Discretionary Income
$3,829
With a gross annual salary of $100,000 in Birmingham, AL, a single parent would need to deduct approximately $1,344 per month for taxes. Considering the average cost of living in Birmingham is $3,160, single parents would have around $3,829 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Birmingham, AL, assuming that the gross salary is earned by a single parent.
Salary and Discretionary Income Per Gross Salary Level in Birmingham, AL in 2024
Gross Annual Salary | Estimated Monthly Discretionary Income in Birmingham, AL |
---|---|
$30,000 | -$862 |
$40,000 | -$160 |
$50,000 | $532 |
$60,000 | $1,224 |
$70,000 | $1,915 |
$80,000 | $2,607 |
$90,000 | $3,221 |
$100,000 | $3,829 |
$110,000 | $4,438 |
$120,000 | $5,039 |
$130,000 | $5,631 |
$140,000 | $6,223 |
$150,000 | $6,814 |
$175,000 | $8,294 |
$200,000 | $9,773 |
$250,000 | $12,417 |
$300,000 | $14,922 |
$350,000 | $17,422 |
$400,000 | $19,922 |
$450,000 | $22,422 |
$500,000 | $24,922 |
Discretionary Income in Birmingham, AL in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Birmingham, AL is ranked 76th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for families. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Birmingham, AL
Gross Salary
$8,333
Taxes
$1,103
Cost of Living
$4,593
Discretionary Income
$2,637
With a gross annual salary of $100,000 in Birmingham, AL, a family would need to deduct approximately $1,103 per month for taxes. Considering the average cost of living in Birmingham is $4,593, families would have around $2,637 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Birmingham, AL, assuming that the gross salary is earned by the family head(s).
Salary and Discretionary Income Per Gross Salary Level in Birmingham, AL in 2024
Gross Annual Salary | Estimated Monthly Discretionary Income in Birmingham, AL |
---|---|
$30,000 | -$2,238 |
$40,000 | -$1,529 |
$50,000 | -$821 |
$60,000 | -$130 |
$70,000 | $562 |
$80,000 | $1,254 |
$90,000 | $1,945 |
$100,000 | $2,637 |
$110,000 | $3,329 |
$120,000 | $3,996 |
$130,000 | $4,605 |
$140,000 | $5,213 |
$150,000 | $5,821 |
$175,000 | $7,342 |
$200,000 | $8,863 |
$250,000 | $11,852 |
$300,000 | $14,811 |
$350,000 | $17,769 |
$400,000 | $20,673 |
$450,000 | $23,298 |
$500,000 | $25,899 |
The assessments presented on this website, including those related to crime, safety, cost of living, and other location characteristics (e.g., states, cities, towns, villages, neighborhoods, areas, landmarks), are based on various sources and our internal research methods. These assessments are not guaranteed to be accurate or complete and should not be used as the sole basis for making any decisions.