Cost of Living in Bessemer, AL
Housing
The housing market plays a significant role in determining the cost of living in Bessemer, AL.
- Housing Index: 85.0 / 100
- Median Home Price is: $162000
- Average Rent (2 BR Apartment): $1080 per month
- Average Rent (2 BR House): $1105 per month
Based on the data for Bessemer, AL, the housing index stands at 85.0, indicating a relatively affordable market. The median home price of 162000 complements the average rents, with a 2-bedroom apartment averaging 1080 and a 2-bedroom house at 1105. This suggests that homeownership could be a viable option, with buying potentially more economical than renting in the long term. Additionally, consider local job markets and amenities, which can greatly influence living standards, before making your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Bessemer, 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 Bessemer, 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 Bessemer is a financially viable option for your relocation.