What is the average cost of living in Birmingham AL?

What is the average cost of living in Birmingham AL?

Birmingham cost of living is 74.1

COST OF LIVING Birmingham Alabama
Grocery 93.3 94.4
Health 101.1 102.2
Housing 28.3 55.9
Median Home Cost $65,500 $129,300

Is Birmingham Alabama expensive to live?

Cost of Living in Birmingham, Alabama by Expense Category Birmingham’s housing expenses are 14% lower than the national average and the utility prices are 1% higher than the national average. Transportation expenses like bus fares and gas prices are 9% lower than the national average.

How is the real estate market in Birmingham AL?

Key Market Stats: Home values in Birmingham have increased by 19.2% over the last year. Over the past five years home values in Birmingham have increased by nearly 55%. Median listing price of a house in Tampa is $185,000 based on the most recent report from Realtor.com (May 2021). Days on market (median) is 43.

Where should I not live in Birmingham AL?

The bad areas are south west side of town west end, north east, kingston, gate city. North Biringham. Homewood hoover and Moutain brook are good area. Birmingham is not what it use to be.

What is a good salary in Birmingham?

A person working in Birmingham typically earns around 84,900 GBP per year. Salaries range from 21,500 GBP (lowest average) to 379,000 GBP (highest average, actual maximum salary is higher). This is the average yearly salary including housing, transport, and other benefits.

How much money do you need to live in Alabama?

Typical Expenses

0 Children 1 Child
Required annual income after taxes $23,222 $44,567
Annual taxes $5,430 $10,420
Required annual income before taxes $28,652 $54,987

How much do you need to live comfortably in Birmingham?

Summary about cost of living in Birmingham, United Kingdom: Family of four estimated monthly costs are 3,088$ (2,227£) without rent. A single person estimated monthly costs are 899$ (648£) without rent. Birmingham is 30.22% less expensive than New York (without rent).

What is the best city in Alabama to live in?

Best Cities to Live in Alabama

Rank City
1 Madison
2 Fairhope
3 Troy
4 Daphne

Is Birmingham a good place to buy property?

For savvy investors, Birmingham can be a great place to invest in buy to let property. We’ve already seen strong investment in jobs and infrastructure in Birmingham, and the city population of 1.1 million is forecast to grow by nearly 20% by 2039. That’s an extra 200,000 people who’ll need somewhere to live.

What is the bad part of Birmingham AL?

What is the richest area in Birmingham?

Sutton Coldfield & Four Oaks Officially The Royal Town of Sutton Coldfield, this suburban town lays claim to the city’s most expensive property, with a hefty £7.5m price tag.

Is Birmingham a good place to live?

Birmingham is certainly one of the most desirable places to live in the UK. With a lively economy, some very affordable living and a friendly atmosphere, the city’s popularity comes as no surprise! And with an expanding economy, now could be the perfect time to move to Birmingham.

What is the cost of living in Birmingham Alabama?

Cost of Living in Birmingham, Alabama Our cost of living indices are based on a US average of 100. An amount below 100 means Birmingham is cheaper than the US average. A cost of living index above 100 means Birmingham, Alabama is more expensive. Birmingham cost of living is 74.1 Housingis the biggest factor in the cost of living difference.

How much does it cost to buy a home in Alabama?

The closing costs for buying a home in Alabama are below the national average after accounting for taxes. It’s 14 in our rankings which rates states from lowest to highest closing cost. Closing costs are inevitable when you’re buying or selling a property. The exact amount will vary depending on where the property is located in Alabama.

How many houses are for sale in Birmingham AL?

There are 1,320 homes for sale in Birmingham, AL, 120 of which were newly listed within the last week. Additionally, there are 345 rentals, with a range of $395 to $4.2K per month. Discover more Birmingham listings for open houses, price reduced, foreclosures, recently sold, new home communities, and new home construction.

How long does it take to sell house in Birmingham AL?

Birmingham, AL is a seller’s market in April 2021, which means that there are more people looking to buy than there are homes available. On average, homes in Birmingham, AL sell after 43 days on the market.

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