Cost of Living in Jasper, AL

Housing

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

• Housing Index: 95.2 / 100
• Median Home Price is: $205000
• Average Rent (2 BR Apartment): $1200 per month
• Average Rent (2 BR House): $1280 per month

Analyzing the data for Jasper, AL, we find a housing index of 95.2, suggesting affordability relative to national averages. The median home price of 205000 presents an entry-point for prospective homeowners, especially given that rents for a 2BR apartment average 1200 and for a 2BR house are around 1280. Consider the long-term benefits of homeownership versus renting. Additionally, with its growing real estate market, Jasper could offer good investment potential in the future, making it a worthy option for relocation.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Jasper, 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.): $270 per month

Living in Jasper, 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 270 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: 98.7

Median Income

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

• Median Income: $62850

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 Jasper, 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.