Cost of Living in Moody, AL
Housing
The housing market plays a significant role in determining the cost of living in Moody, AL.
- Housing Index: 90.0 / 100
- Median Home Price is: $312,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1300 per month
When considering a move to Moody, AL, the housing index stands at 90.0, indicating a favorable market for home buyers. The median home price of 312000 can be quite appealing, especially in contrast to the average rent for a 2-bedroom apartment at 1200 and a comparable 2-bedroom house at 1300. This situation suggests that it may be more cost-effective to buy rather than rent if you're looking for long-term stability. Additionally, keep in mind that areas with lower housing indices often reflect a stronger rental market, influencing your living options.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Moody, 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 Moody, 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 Moody is a financially viable option for your relocation.