Cost of Living in Hoover, AL
Housing
The housing market plays a significant role in determining the cost of living in Hoover, AL.
- Housing Index: 85.0 / 100
- Median Home Price is: $321,000
- Average Rent (2 BR Apartment): $1346 per month
- Average Rent (2 BR House): $1463 per month
Considering a move to Hoover, AL, the housing market suggests a relatively affordable environment with a housing index of 85.0. The median home price at 321000 reflects a competitive yet attainable market for homebuyers. Monthly rents stand at 1346 for a 2-bedroom apartment and 1463 for a 2-bedroom house, indicating a fair rental landscape as well. Overall, Hoover showcases enticing options for both renters and buyers, making it a potential choice for your next residence.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hoover, 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.): $250 per month
Living in Hoover, 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 $250 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 Hoover is a financially viable option for your relocation.