Cost of Living in Pelham, AL
Housing
The housing market plays a significant role in determining the cost of living in Pelham, AL.
- Housing Index: 90.2 / 100
- Median Home Price is: $323,000
- Average Rent (2 BR Apartment): $1430 per month
- Average Rent (2 BR House): $1465 per month
When considering a move to Pelham, AL, the housing index of 90.2 suggests a competitive market that remains accessible for many. With a median home price of 323000, purchasing a home here is achievable compared to national averages. Furthermore, the rental landscape looks favorable with an average rent of 1430 for a 2BR apartment and 1465 for a 2BR house, indicative of varied living options. Overall, this vibrant area might offer an appealing blend of affordability and opportunity for potential residents.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Pelham, 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.): $230 per month
Living in Pelham, 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 $230 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 Pelham is a financially viable option for your relocation.