Cost of Living in Hoover, AL

Housing

The housing market plays a significant role in determining the cost of living in Hoover, AL.

• Housing Index: 85.0 / 100
• Median Home Price is: $321000
• Average Rent (2 BR Apartment): $1200 per month
• Average Rent (2 BR House): $1360 per month

Considering a move to Hoover, AL, the housing market suggests a relatively affordable environment with a housing index of 85.0. The median home price at 321000 reflects a competitive yet attainable market for homebuyers. Monthly rents stand at 1200 for a 2-bedroom apartment and 1360 for a 2-bedroom house, indicating a fair rental landscape as well. Overall, Hoover showcases enticing options for both renters and buyers, making it a potential choice for your next residence.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hoover, 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 Hoover, 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 90.3

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $101765

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Hoover, AL, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.