Cost of Living in Silverhill, AL
Housing
The housing market plays a significant role in determining the cost of living in Silverhill, AL.
- Housing Index: 86.8 / 100
- Median Home Price is: $161,000
- Average Rent (2 BR Apartment): $1372 per month
- Average Rent (2 BR House): $1491 per month
In Silverhill, AL, the real estate market exhibits a unique scenario with a housing index of 86.8, indicating potential affordability challenges or market saturation. The median home price is set at 161000, which is relatively attractive compared to many regions, suggesting good investment potential. However, the absence of average rental data for a 2-bedroom apartment and house could point to a lack of rental market activity or availability. It’s essential to consider these factors in the overall housing landscape and stay informed about nearby amenities and long-term growth trends 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 Silverhill, 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 Silverhill, 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 Silverhill is a financially viable option for your relocation.