Cost of Living in Birmingham, IA
Housing
The housing market plays a significant role in determining the cost of living in Birmingham, IA.
- Housing Index: 94.2 / 100
- Median Home Price is: $92,000
- Average Rent (2 BR Apartment): $1132 per month
- Average Rent (2 BR House): $1230 per month
Considering a move to Birmingham, IA? The current housing index stands at 94.2, which indicates potential affordability challenges. The median home price is relatively low at 92000, suggesting it could be an attractive option for homebuyers looking for lower initial costs. However, with average rents for a two-bedroom apartment and house at 1132 and 1230 respectively, there may be challenges in maintaining affordable rental options. Overall, weigh these factors carefully, keeping in mind market trends and your personal financial situation.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Birmingham, IA.
- Electricity Price: $14.82 USD (median by state)
- Natural Gas Price: $15.61 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $221 per month
Living in Birmingham, IA could entail higher utility costs. Electricity costs sit at $14.82, while natural gas is priced at $15.61 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $221 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 Birmingham is a financially viable option for your relocation.