Cost of Living in Red bay, AL

Housing

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

• Housing Index: 90.0 / 100
• Median Home Price is: $167000
• Average Rent (2 BR Apartment): $960 per month
• Average Rent (2 BR House): $992 per month

Considering a move to Red bay, AL? With a housing index of 90.0, this area shows a relatively affordable real estate market. The median home price stands at 167000, making homeownership accessible for many. Renting is equally reasonable, with an average rent for a 2-bedroom apartment at 960 and a house at 992. Whether you're looking to buy or rent, the cost of living here appears to be favorable compared to national averages. Remember to also account for other factors, such as local job opportunities and community amenities, that can affect your decision.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Red bay, 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 Red bay, 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 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: 95.5

Median Income

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

• Median Income: $33234

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 Red bay, 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.