Cost of Living in Gulf shores, AL
Housing
The housing market plays a significant role in determining the cost of living in Gulf shores, AL.
- Housing Index: 90.0 / 100
- Median Home Price is: $530,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1280 per month
Analyzing the housing data for Gulf shores, AL, we find that the housing index of 90.0 indicates a market that is relatively affordable compared to the national average. With a median home price of 530000, buyers may find it a favorable environment to invest. The average rent for a 2-bedroom apartment stands at 1200, while renting a house averages 1280. This suggests that residents might benefit from the option of renting, especially first-time movers who are not ready to purchase. Overall, Gulf shores appears to be a promising location for both renters and prospective homeowners.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Gulf shores, 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.): $150 per month
Living in Gulf shores, 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 $150 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 Gulf shores is a financially viable option for your relocation.