Cost of Living in Luverne, AL
Housing
The housing market plays a significant role in determining the cost of living in Luverne, AL.
- Housing Index: 86.8 / 100
- Median Home Price is: $196,000
- Average Rent (2 BR Apartment): $1372 per month
- Average Rent (2 BR House): $1491 per month
When considering a move to Luverne, AL, the housing market appears quite favorable with a median home price of 196000. Although the current housing index shows no concrete data, it might indicate either a newly emerging market or potential inconsistencies in reporting. While average rents for a 2-bedroom apartment and house are absent, investigating nearby areas can shed light on regional trends. Overall, if affordability is your priority, this may be a promising location to explore deeper, particularly if homeownership aligns with your housing goals.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Luverne, 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 Luverne, 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 Luverne is a financially viable option for your relocation.