Cost of Living in Montgomery, AL
Housing
The housing market plays a significant role in determining the cost of living in Montgomery, AL.
- Housing Index: 89.0 / 100
- Median Home Price is: $250,000
- Average Rent (2 BR Apartment): $950 per month
- Average Rent (2 BR House): $1000 per month
Considering a move to Montgomery, AL? The housing index shows a favorable score of 89.0, indicating a relatively affordable market. With a median home price of 250000, this sum suggests purchasing a home could be within reach for many families. Additionally, rental options are accessible, with an average rent of 950 for a 2-bedroom apartment and 1000 for a 2-bedroom house. As you evaluate your options, it's worth noting that home values have historically appreciated over time, positioning homeownership as a wise long-term investment.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Montgomery, 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.): $220 per month
Living in Montgomery, 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 $220 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 Montgomery is a financially viable option for your relocation.