Cost of Living in Altoona, AL
Housing
The housing market plays a significant role in determining the cost of living in Altoona, AL.
- Housing Index: 86.8 / 100
- Median Home Price is: $205,000
- Average Rent (2 BR Apartment): $1372 per month
- Average Rent (2 BR House): $1491 per month
When considering a move to Altoona, AL, it's essential to evaluate the current housing situation. With a housing index of 86.8, affordable opportunities may be available as the median home price is just 205000. However, both average rents for 2-bedroom apartments and houses stand at 1372 and 1491, respectively, suggesting a lack of competitive rental options. Keep in mind that cities often experience fluctuating prices, so it's wise to stay updated on market trends as urban development can impact overall living costs. Make an informed decision based on your financial situation and lifestyle preferences.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Altoona, 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.): $210 per month
Living in Altoona, 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 $210 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 Altoona is a financially viable option for your relocation.