Cost of Living in Birmingham, AL
Housing
The housing market plays a significant role in determining the cost of living in Birmingham, AL.
- Housing Index: 90.0 / 100
- Median Home Price is: $193000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1200 per month
When considering a move to Birmingham, AL, the housing situation presents an accessible market highlighted by a housing index of 90.0. The median home price of 193000 is relatively affordable, making homeownership feasible for many. Additionally, whether renting a 2-bedroom apartment or a house, you’ll face an average monthly cost of 1200. This stability in rental prices suggests limited fluctuations, promoting long-term living opportunities. It’s also advantageous to compare these factors against local salaries, job opportunities, and amenities to guide your decision-making process more effectively.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Birmingham, 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 Birmingham, 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 Birmingham is a financially viable option for your relocation.