Cost of Living in Mobile, AL
Housing
The housing market plays a significant role in determining the cost of living in Mobile, AL.
- Housing Index: 85.0 / 100
- Median Home Price is: $169100
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1500 per month
The housing market in Mobile, AL appears to be quite accessible, with a housing index of 85.0. The median home price of 169100 suggests an opportunity for both first-time buyers and investors. Meanwhile, rental options are affordable, with the average rent for a 2-bedroom apartment at 1200 and a 2-bedroom house at 1500. This combination indicates a healthy balance of home ownership prospects and rental opportunities. Consider the overall quality of life, amenities, and job market when making your decision to move.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Mobile, 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 Mobile, 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 Mobile is a financially viable option for your relocation.