Cost of Living in Five points, AL
Housing
The housing market plays a significant role in determining the cost of living in Five points, AL.
- Housing Index: Data is updating
- Median Home Price is: $85,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Looking at the data for Five points, AL, the housing index remains stagnant at 0.0, which may indicate either a lack of market activity or an evolving market that is appealing to certain buyers. The median home price of 85000 suggests that homes here are quite affordable compared to the national average, potentially attracting first-time homebuyers. While the average rent for both a 2-bedroom apartment and a 2-bedroom house is listed as 0.0 and 0.0 respectively, it’s crucial for prospective residents to assess the local demand for rental properties to understand price trends and opportunities.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Five points, AL.
- Electricity Price: $15.03 USD (median by state)
- Natural Gas Price: $21.76 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Five points, AL could entail higher utility costs. Electricity costs sit at $15.03, while natural gas is priced at $21.76 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Five points is a financially viable option for your relocation.