Cost of Living in Talladega, AL

Housing

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

• Housing Index: 80.0 / 100
• Median Home Price is: $165000
• Average Rent (2 BR Apartment): $800 per month
• Average Rent (2 BR House): $856 per month

Considering the data for Talladega, AL, the housing index stands at 80.0, indicating a relatively affordable market compared to national averages. With a median home price of 165000, purchasing a home here may be a viable option for first-time buyers. Meanwhile, renting options are also reasonable, with the average rent for a 2-bedroom apartment at 800 and a house at 856. Additionally, shorter commutes and a growing job market could further enhance your living experience in this area. Careful consideration of these factors will aid in your decision-making process.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Talladega, 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 Talladega, 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 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: 89.5

Median Income

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

• Median Income: $37945

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 Talladega, 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.