Cost of Living in Elberta, AL
Housing
The housing market plays a significant role in determining the cost of living in Elberta, AL.
- Housing Index: 86.8 / 100
- Median Home Price is: $221,000
- Average Rent (2 BR Apartment): $1372 per month
- Average Rent (2 BR House): $1491 per month
Analyzing your data for Elberta, AL, the housing index is at 86.8, indicating potentially favorable market conditions for buyers. The median home price rests at 221000, which suggests that purchasing a home here could be more accessible than in places with higher price points. However, both the average rent for a 2-bedroom apartment (1372) and the average rent for a 2-bedroom house (1491) are currently showing as 0.0; it might require further investigation into rental options. Overall, it’s essential to consider both purchase and rental markets when making your decision, given broader economic indicators.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Elberta, 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 Elberta, 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 Elberta is a financially viable option for your relocation.