Cost of Living in Red bay, AL
Red bay cost of living index: 87.6 (below the US average). Median home price: $135,000.
Updated 2026 • Based on 1 local zip code
📍 Some data sourced from nearby metro area
% below the national average
Housing
Data from 1 zip code
Housing costs in Red bay, AL based on real market data from 1 local zip code.
Considering a move to Red bay, AL? With a housing index of 44.1, this area shows a relatively affordable real estate market. The median home price stands at 135000.0, making homeownership accessible for many. Renting is equally reasonable, with an average rent for a 2-bedroom apartment at 1372.0 and a house at . 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.
Last updated: January 2026
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
Living in Red bay, AL could entail variable utility costs. Electricity costs sit at $15.03, while natural gas is priced at $21.76 per Thousand Cubic Feet. Expect to budget about $102.4 monthly for other services like water and garbage.
Cost Breakdown by Category
Local Income & Economy in Red bay, AL
How far does your money go in Red bay? Understanding the relationship between income and cost of living is key to evaluating affordability.
How We Calculate Adjusted Purchasing Power in Red bay
The adjusted purchasing power shows what a Red bay, AL household income is actually worth after accounting for local prices. We calculate it using the formula: Purchasing Power = Median Income ÷ Cost of Living Index × 100
For Red bay, that's $33,234 ÷ 87.6 × 100 = $37,938. This means a household earning the median income in Red bay has the equivalent buying power of $37,938 in a city where the cost of living index equals the national baseline of 100.
With a cost of living index of 87.6, Red bay is more affordable than the national average. The median household income of $33,234 effectively stretches to $37,938 in purchasing power — meaning everyday expenses like housing, groceries, and utilities cost less here. This makes Red bay, AL an attractive destination for budget-conscious families, remote workers, and retirees looking to maximize their income.
Housing is particularly affordable, with a median home price of $135,000. Renters and first-time homebuyers in Red bay benefit from lower monthly costs compared to national averages, leaving more room in the budget for savings and quality of life.
💡 Purchasing power is calculated by dividing the local median household income by the cost of living index and multiplying by 100. A result higher than the nominal income means your money goes further; a lower result means local prices erode your earnings. The US baseline cost of living index is 100.
Pros & Cons of Living in Red bay
Pros
- • Rich in local history and culture
- • Strong family-oriented events
- • Friendly community atmosphere
- • Mild climate for outdoor fun
- • Access to outdoor activities
- • Supportive local businesses
- • Growing community engagement
- • Small-town charm and safety
- • Low cost of living
- • Good local schools available
Cons
- • Access to healthcare can be tough
- • Seasonal job fluctuations
- • Limited nightlife options
- • Potentially high crime rates
- • Public transport is scarce
- • Few job opportunities available
- • Few cultural diversity options
- • Limited dining choices nearby
- • More conservative political views
- • Lack of activities for teens
💡City Insights
Red bay scores 6/10 for affordability, 5/10 for safety, and 5/10 for family-friendliness — an good overall profile.
Frequently Asked Questions
What is the cost of living in Red bay, AL? ▼
The cost of living in Red bay, AL is 12% lower than the national average, with a cost of living index of 88 (where 100 represents the U.S. average). Housing typically accounts for the largest portion of living expenses. See full cost of living breakdown →
How much does it cost to buy or rent a home in Red bay, AL? ▼
In Red bay, AL, The median home price is $135,000. requiring approximately $71,786 annual income to afford. Average rent is $1,372/month (requiring ~$54,880/year income). The local median household income is $33,234, making homeownership attainable for typical residents. Explore Red bay real estate data →
Is Red bay, AL a safe place to live? ▼
Red bay, AL is average in terms of safety, with crime rates near the national average. Safety varies significantly by neighborhood. View detailed Red bay crime statistics →
What salary do you need to live comfortably in Red bay, AL? ▼
To live comfortably in Red bay, AL and afford a median-priced home of $135,000, you would typically need a household income of $33,750 to $42,188 per year. The local median household income is $33,234. Renting requires approximately $54,880/year (at $1,372/month). See full affordability analysis →
What are the best neighborhoods in Red bay, AL? ▼
The best neighborhoods in Red bay, AL depend on your priorities. For families, look for areas near top-rated schools with lower crime rates. For affordability, neighborhoods throughout the city offer good value since the median home price of $135,000 is below the national average.
How are the taxes in Red bay, AL? ▼
Tax rates in Red bay, AL include state and local components. The cost of living index of 88 suggests a lower overall tax and expense burden cost environment compared to the national average. View detailed Red bay tax information →
How does Red bay, AL compare to nearby cities? ▼
Red bay, AL offers a more affordable alternative to nearby communities. With a cost of living index of 88, median home prices of $135,000, and a crime rate of 0 per 1,000 residents, you can compare these metrics side-by-side. Use the compare feature to evaluate specific cities.
What is the weather like in Red bay, AL? ▼
Weather in Red bay, AL varies by season. Climate data varies by season. View detailed Red bay climate & environment data →
What factors affect cost of living in Red bay, AL? ▼
The main factors affecting cost of living in Red bay, AL include housing costs (the biggest factor), utilities, groceries, transportation, and healthcare. Local taxes and the overall economic conditions also play a role.
Housing Costs by Zip Code
Detailed housing data across 1 zip code in Red bay, AL.
| Zip Code | Median Home Price | Avg Rent | 2BR Rent | For Sale | For Rent |
|---|---|---|---|---|---|
| 35582 | $135,000 | — | — | 18 | — |
Explore More About Red bay, AL
📅 Last Updated: January 2026
Sources: U.S. Census Bureau (ACS), Bureau of Labor Statistics, Council for Community and Economic Research (C2ER), Zillow, Redfin