Cost of Living in Lanett, AL
Housing
The housing market plays a significant role in determining the cost of living in Lanett, AL.
- Housing Index: 86.8 / 100
- Median Home Price is: $195,000
- Average Rent (2 BR Apartment): $1372 per month
- Average Rent (2 BR House): $1491 per month
Looking at the data for Lanett, AL, the 86.8 index suggests a potentially favorable housing climate. With a median home price of 195000 pushing the market into the accessible range, prospective homeowners could find opportunities for affordability compared to larger urban areas. However, the absence of data for average rents for 2-bedroom apartments and houses, which currently sit at 1372 and 1491, limits the overall analysis of rental fluctuations. Trend information on these rents will aid better decision-making for anyone contemplating a move to this area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lanett, 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 Lanett, 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 Lanett is a financially viable option for your relocation.