Cost of Living in Loxley, AL
Housing
The housing market plays a significant role in determining the cost of living in Loxley, AL.
- Housing Index: 85.0 / 100
- Median Home Price is: $235,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1280 per month
Considering your options in Loxley, AL, the current housing index of 85.0 suggests a moderately affordable environment for potential homeowners and renters. The median home price of $235000 is competitive, especially given the average rents of $1200 for a 2-bedroom apartment and $1280 for a 2-bedroom house. Remember, the cost of living, job market, and local amenities are crucial factors to weigh along with housing prices. Overall, this could be a smart choice for first-time buyers or renters seeking a balanced lifestyle.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Loxley, 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.): $250 per month
Living in Loxley, 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 $250 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 Loxley is a financially viable option for your relocation.