Cost of Living in Daphne, AL
Housing
The housing market plays a significant role in determining the cost of living in Daphne, AL.
- Housing Index: 85.0 / 100
- Median Home Price is: $306000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1325 per month
Analyzing the housing data for Daphne, AL, we find a housing index of 85.0, which indicates a relatively affordable market compared to national averages. The median home price stands at 306000, suggesting homeownership is accessible for many. Meanwhile, average rents reflect slightly higher costs, with a 2-bedroom apartment renting for 1200 and a house for 1325. Understanding these factors can help potential movers weigh the benefits of purchasing versus renting, particularly in this competitive market where long-term investment potential may be favorable.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Daphne, 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 Daphne, 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 Daphne is a financially viable option for your relocation.