The cost of living varies significantly across the United States; in Alabama, it was about 12.2% less expensive than the national average, yet many families struggle with expenses.
Despite a lower overall cost of living, 59.4% of Alabama households faced difficulties covering expenses, highlighting that affordability is a pressing issue nationwide.
Over 93% of American adults have reported stress linked to rising consumer prices in recent months, illustrating the pervasive impact of inflation on daily life.
The inflation rate peaked at 9.1% in June 2022, showing that while it has since cooled, consumer prices remain a significant concern above the Federal Reserve's target.
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