Cost of Living in Falkville, AL
Housing
The housing market plays a significant role in determining the cost of living in Falkville, AL.
- Housing Index: 86.8 / 100
- Median Home Price is: $215,000
- Average Rent (2 BR Apartment): $1372 per month
- Average Rent (2 BR House): $1491 per month
In Falkville, AL, the housing index stands at 86.8, indicating affordability. With a median home price of 215000, potential buyers may find reasonable options in the market. Average rents for a 2-bedroom apartment at 1372 and a house at 1491 suggest a moderate rental environment. This balance might appeal to both families and young professionals looking for stability. However, consider local job opportunities and amenities, as they are crucial factors to ensure a rewarding living experience in your new home.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Falkville, 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 Falkville, 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 Falkville is a financially viable option for your relocation.