Cost of Living: Birmingham, AL vs Independence, KY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Birmingham | Independence |
|---|---|---|
| Housing Index | 90.0 | 110.0 |
| Median Home Price | $193,000 | $308,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1200 | $1280 |
Housing Comparison: Birmingham vs Independence
- The median home price in Independence is higher at $308,000, compared to $193,000 in Birmingham.
- The rent for a two-bedroom apartment is equal in both Birmingham and Independence at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Birmingham | Independence |
|---|---|---|
| Electricity Price | $15.03 | $12.87 |
| Natural Gas Price | $21.76 | $22.78 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Birmingham vs Independence
- Electricity costs are higher in Birmingham at $15.03 per kWh, compared to $12.87 in Independence.
- Independence experiences higher natural gas costs at $22.78 per unit, with costs at $21.76 in Birmingham.
- Independence has higher utility expenses, averaging $250, while Birmingham averages $200.