Cost of Living in Red bay, AL
Housing
The housing market plays a significant role in determining the cost of living in Red bay, AL.
- Housing Index: 86.8 / 100
- Median Home Price is: $167,000
- Average Rent (2 BR Apartment): $1372 per month
- Average Rent (2 BR House): $1491 per month
Considering a move to Red bay, AL? With a housing index of 86.8, this area shows a relatively affordable real estate market. The median home price stands at 167000, making homeownership accessible for many. Renting is equally reasonable, with an average rent for a 2-bedroom apartment at 1372 and a house at 1491. Whether you're looking to buy or rent, the cost of living here appears to be favorable compared to national averages. Remember to also account for other factors, such as local job opportunities and community amenities, that can affect your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Red bay, 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 Red bay, 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 Red bay is a financially viable option for your relocation.