Cost of Living in Monroeville, AL
Housing
The housing market plays a significant role in determining the cost of living in Monroeville, AL.
- Housing Index: 86.8 / 100
- Median Home Price is: $146,000
- Average Rent (2 BR Apartment): $1372 per month
- Average Rent (2 BR House): $1491 per month
Considering a move to Monroeville, AL? The housing index is relatively affordable at 86.8, suggesting it's a buyer's market. With a median home price of 146000, purchasing a home could be a practical investment compared to the average monthly rents of 1372 for a 2-bedroom apartment and 1491 for a 2-bedroom house. Additionally, keep in mind that transitioning to homeownership could provide long-term financial benefits, given rising price trends in popular areas. Evaluating your budget and lifestyle needs is crucial before making a decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Monroeville, 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 Monroeville, 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 Monroeville is a financially viable option for your relocation.