Cost of Living in Waterloo, AL
Housing
The housing market plays a significant role in determining the cost of living in Waterloo, AL.
- Housing Index: 86.8 / 100
- Median Home Price is: $225,000
- Average Rent (2 BR Apartment): $1372 per month
- Average Rent (2 BR House): $1491 per month
In analyzing the housing market in Waterloo, AL, we observe that the median home price stands at 225000. With a housing index of 86.8, which seems to indicate stable or low costs, it presents a viable opportunity for potential buyers. However, the absence of reported rental prices, such as 1372 for apartments and 1491 for houses, suggests a need for further investigation into the rental market dynamics. Considering local amenities and job opportunities will also be crucial for an informed decision when contemplating a move to Waterloo.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Waterloo, 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 Waterloo, 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 Waterloo is a financially viable option for your relocation.