Cost of Living in Oakman, AL
Housing
The housing market plays a significant role in determining the cost of living in Oakman, AL.
- Housing Index: 85.0 / 100
- Median Home Price is: $162,500
- Average Rent (2 BR Apartment): $800 per month
- Average Rent (2 BR House): $780 per month
When considering a move to Oakman, AL, the housing data reveals an overall housing index of 85.0, suggesting affordability in the market. The median home price stands at 162500, which is significantly below the national average. Rent for a 2BR apartment at 800 and a house at 780 provide flexible options for residents. This combination makes Oakman an attractive choice for families and individuals alike looking to achieve a balance between quality living and cost-efficiency. Don't forget to also explore local amenities and job opportunities that could further enrich your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Oakman, 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.): $200 per month
Living in Oakman, 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 $200 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 Oakman is a financially viable option for your relocation.