You might be using an unsupported or outdated browser. So how do we make money? 49 nationally. Cost of Living in Huntsville, AL - August 2023 prices Cost of living in Huntsville, Alabama, United States - Expatistan When moving to a distant place, help your children learn about the new area. One tip to reduce this cost and your overall. Pay increases are a top concern for 2022 to attract and retain talent, Temporary employee laws: A guide to hiring contract roles, What to include in a termination letter: Template and examples, How to Manage Your Time and Prioritize Your Workload. According to the latest BLS data, consumers average over $7,000 per year on food expenses. Get matched with a top agent in your area. from the Council for Community and Economic Research. WARNING! It is the county seat of Madison County. What is the cost of living in Huntsville, AL? To get the best mortgage loan, know how much you can afford and shop like the bargain hunter you are. $957. A salary of $73,000 in Huntsville, Alabama could decrease to $63,422 in Sumter, South Carolina (assumptions include Homeowner, no Child Care, and Taxes are not considered. Huntsville is a large city located just north Alabama where wages tend to be quite low yet the cost of living remains fairly affordable when compared with similar sized cities elsewhere across America. Raleigh, NC. If you prefer to download the image, please credit us as a source. Costs are dropping at a rapid rate. Huntsville has grocery prices that are 2% lower than the national average. Not only will you reduce the stress of driving and finding a place to park once you reach your destination, your car and tires will last longer, and you will spend less on gas. This information may be different than what you see when you visit a financial institution, service provider or specific products site. The average rent in Huntsville, AL for a one-bedroom apartment in the city centre is approximately $1,294 per month, and utilities cost around $140 a month. Source: Wikipedia (as of 04/11/2019). NerdWallet excluded state and local tax data because tax rates vary by state and metropolitan area, and sometimes within metropolitan area as well. Fortunately living in Huntsville means you never really have to go to Madison . If you're okay with an apartment outside of the city centre that will be cost around $1,015. Moving to a new part of the country can be a daunting task, especially if youre moving your entire family. 2023 Compare Cities Cost of Living: Huntsville, AL vs Silver City, NM Homes tend to cost 0.00% The BestPlaces cost of living index is the most accurate and complete available because we add many new categories to the current and historical systems. But even then, the price of groceries is going to significantly influence your cost of living. The rule of thumb is not to spend more than 30% of your total income on housing. If its over 100, its more expensive than the national average. Adults find that moving can sometimes be an emotional and stressful experience. For example, the cost of an unlimited MetroCard in New York was obtained from the MTA website. Affordable Mountain Towns for Retirement - U.S. News household income of: The cost of living is 8.52% Huntsville is the county seat of Madison County. Schools - What are the Best Schools Near You? Climate - Snow, Rain, Sun. The total income needed is $5,493 The assumption is the sole provider is working full-time (2080 hours per year). Price collection by city is conducted in strict conformance with standard specifications at specified times. The cost of living in Huntsville is 13% lower than the national average. Huntsville is a city located primarily in Madison County in the Appalachian region of northern Alabama. Housing The median cost of housing in Huntsville sits at around $390,000, indicating a 2% increase in housing costs year-over-year, and the price is the highest it's ever been. Is Alabama A Good Place To Retire? For a more accurate assessment, it's essential to explore the cost of living in different cities across United States, Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate, Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment, 1 min. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Home prices, property taxes and monthly rents vary from state to state, city to city, town to town and even neighborhood to neighborhood.For homeowners, there are more expenses to consider than just the monthly mortgage payment. Housing Cost 0.00% Higher The rule of thumb is not to spend more than 30%. How to Get Preapproved for a Mortgage and Why It Matters. on the specific city you are considering. . Best Places 2023-2024 Rank:2 Home appreciation the last 10 years has been 88.4%. Prices are increasing, but at a reasonable rate. When evaluating offers, please review the financial institutions Terms and Conditions. Some employers offer employees reduced fee bus or transit passes, so check that out with your employer. Open the app and start learning about the neighborhood you are standing in Sperling's Best Places. We know as a reporter or blogger you have a lot on your plate, so we make it simple start with us and well help you on your way to sharing news about Huntsville, Alabama. Ideally, youll find that you can afford the cost of living in your new destination, but having that Before you get the keys to your new home, you'll have to pay closing costs. Our partners compensate us. We help you decide by comparing all the largest costs . You'll have to take out a loan to live here. Living Wage Calculation for Huntsville, AL Cost of Living in Huntsville, AL. (2023 Updated) - Travel Safe Enjoy the mature trees on 2.92 acres of land. A salary of $299,996 in Huntsville, Alabama should increase to $330,756 in United States, (assumptions include Homeowner, no Child Care, and Taxes are not considered. The affordability of the housing market in Huntsville, AL as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. Average Age of Homes - The median age of Huntsville real estate is 39 years old The Rental Market in Huntsville - Renters make up 35.6% of the Huntsville population An amount below 100 means Huntsville is cheaper than the US average. Home Appreciation in Huntsville is up 21.0%. Best real estate markets to buy a home in 2023 - CNBC Huntsville is the third-largest city in Alabama and the largest city in the five-county Huntsville-Decatur-Albertville, AL Combined Statistical Area, which at the 2013 census estimate had a total population of 683,871. According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. Mortgage preapproval is the smartest hack to homebuying and among the most misunderstood. Here's what lenders want before they'll preapprove you for a home loan. The median cost to own a home is $1,344 per month, and renters pay a median of $912 monthly. My Details Currently live in San Francisco, CA 52 Reviews|Review This Place|Photos and Maps. Price collection by city is conducted in strict conformance with standard specifications at specified times. Cons of living in Madison? High cost of living? : r - Reddit In Huntsville,AL, the median rent for a 1 bedroom apartment is $649, and for a 2 bedroom apartment is $780. 25 for its relatively low risk of extreme weather or natural disasters, and higher resilience to those that could occur. Some areas have more affordability and availability of healthcare options than others, and depending on your specific needs, you may need to prioritize moving to areas with lower healthcare costs. Once you understand what they cover, they'll look less overwhelming. The average one-bedroom apartment in Huntsville, AL city centre stands at around $1,294 per month. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Moving To Alabama? (The Truth About Living Here) - ISoldMyHouse.com While other resources provide basic cost comparisons, NerdWallets cost of living calculator and accompanying city life tool go one step further by offering information on schools, quality of life and demographics, giving users a one-stop shop to explore new cities. And it adds up. Cost of Living in Alabama (2023) | SoFi Click here to sign up for our Newsletters! The average cost of a single-family home in Huntsville, Alabama in 2022 is $ 287,169 which is high in the United States and the highest in Alabama. Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from the, Quality of life data (gyms, bars and beauty salons per 1,000 residents) were collected from the Yellow Pages. According to the most recent data on the cost of living, Huntsville has an overall cost of living index of 98 which is 1.0x lower than the national index of 100. The cost of living calculated as a consumer basket for a moderate lifestyle in developed countries and thus might seem too high for some least developed countries where maintaining such a standard of living is expensive. Recently updated on February 11th, 2023 at 02:18 pm Table of Contents Where Are The Best Places To Live In Alabama? Comparison Highlights - Overall, United States, is than Huntsville, Alabama - Median Home Cost is the biggest factor in the cost of living difference. Metro Size:1,361.6 square miles They are based on 77 prices entered by 10 different people. The estimated average annual cost for child care in Huntsville, Alabama (based on state average), is $5637. NerdWallet strives to keep its information accurate and up to date. On average, a single person can expect to spend around $284 per month on groceries. 5112 Eclectic Way NE, Huntsville, AL 35811. . less than your current The BestPlaces cost of living score includes housing prices for renters or homeowners, utilities (electric, natural gas, oil), healthcare costs (premiums and common surgeries), entertainment costs, transportation expenses (vehicle insurance and registration fees, gas prices and commuting costs, vehicle depreciation), food prices (meat, dairy, ready-to-eat, and more), child care (for both infants and toddlers, at home and away from home), and taxes (income, property, sales, motor vehicle). The city extends west into neighboring Limestone County and south into Morgan County. Rentals rates remain fairly affordable as well ranging from around $650 - $900 per month depending on size and treatment offered inside your unit while utilities like internet, electricity etc., come at a fractional price found anywhere else across USA . Best Places 2023-2024 Rank: 2. You could eat out less, cut back on takeout and cook more often. A cost of living index allows you to directly compare what it costs to live in one area against another, helping you understand how far your money can go in each place. The total cost of living is around $1,892 in Huntsville, AL. Everything is more expensive than I'd like. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. Housing costs: According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. A Local's Guide To Cost of Living in Huntsville, AL of prepaid mobile tariff (no discounts or plans), 1 month of gym membership in business district, Monthly rent - 45 m2 furnished studio in expensive area in, Combo meal in fast food restaurant (big mac meal or similar) in, 1 box of 32 of tampons (tampax, ob, ) in. The average housing price per square foot is $155, with 2,579 square feet being the average home size. The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Alabama Huntsville United States of America Madison County Alabama North America Place comments sorted by . I can barely keep up with the increasing prices. Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from the U.S. Census. All rights reserved. We paid 140k for a 3/4 ranch style house on a half acre (750ish mortgage) and stuff around town . Huntsville, Alabama does not have a major sports team, but dont worry, check out local colleges and high school sports schedules. Huntsville, Alabama's cost of living is 8% lower than the national average. Because the price of goods and services varies from one city to the next, calculating the cost of living will determine how affordable it is to live in a certain area. Weekly trips to the grocery store can add up, especially if food costs are high where you live. Huntsville, AL Cost Of Living Calculator | Forbes Advisor 2023 Cost of Living Calculator: compare Huntsville, Alabama to United Metro Population:483,366 Metro Size: 1,361.6 square miles. There are many providers and various packages that are offered, many that bundle internet, cable, and phone together. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. The magazine notes that Huntsville's median annual salary is above the national average, but residents spend about 19.62% of their median annual household incomes on the cost of living . In Huntsville, Alabama, 57.0 % of the population owns their homes, while approximately 43.0% rent. Cost of living in Huntsville , Alabama - Dwellics Cost of Living in Huntsville, Alabama - Sperling's BestPlaces Increasing rapidly. Housing Costs 9% higher Huntsville, AL Birmingham, AL Median 2-bedroom apartment rent $957 $995 Median home price (3BR, 2BA) $326,845 $361,348 Do these housing costs seem low to you? Not only is Huntsville's median annual salary, at $61,140, above the national average of $58,260, but residents spend just 19.62% of the median annual household income on the cost of living. Plenty of Jobs Fortunately, in Huntsville, Alabama, there are plenty of jobs for most industries. Housing in Huntsville, Alabama - Sperling's BestPlaces Awful. Proximity to employment is an important consideration because it can drastically impact your cost of living. , a nationwide ratings system that evaluates schools based on performance on state achievement tests. Make sure you take this into account as you plan your overall. NerdWallets cost of living calculator is powered by data from The Council for Community and Economic Research (C2ER). Some employers have company provided day care centers that let you bring your child to work with you and receive care on site. The cost of living in Huntsville, AL is 4.9% higher than in Chattanooga, TN. - Overall, United States, is than Huntsville, Alabama. For example, a cost of living index of 130 means it costs 30% more to live there as compared to the national average (130-100=30). Entertainment: A movie ticket, a pint of beer, box seats at a baseball game they can all come with a different price tag depending upon where you live. and utilities cost around $140 a month. Huntsville, AL. Use the link below to embed the infographic from our site and automatically keep the data layer up to date. Average Annual Salary:$61,140. the highest. Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. $5,021 is a good salary according to average cost of living which is $1,892. Summary of cost of living in Huntsville, Alabama. However, this number does not cover other living costs, such as child care, utilities, groceries, and taxes. Electric costs will contribute to the energy component of your overall. Cost of Living in Huntsville, AL | PayScale Huntsville, Alabama Cost Of Living - AreaVibes Huntsville was also the only city from Alabama in the top 25. You're not going to get the "big city" vibes in Huntsville, but it truly is a great place to raise a family. by US News and World Report. NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. There are ways to trim that down. Healthcare in Huntsville is 6% lower than the national average. Median 2-bedroom apartment rent. The cost of living in Huntsville, AL is 8.52% Items on which the index is based have been carefully chosen to reflect the different categories of consumer expenditures., C2ER was founded in 1961, and continues to exist today as a nonprofit organization, comprising research staff of chambers of commerce, economic development organizations and agencies, and related organizations throughout the United States. C2ER has published its quarterly Cost of Living Index since 1968. Do these housing costs seem low to you? lower in Huntsville, Cost of Living in Huntsville, AL: rent, food, transport : This data reflects 2022 and was released from. Other costs will be around $739 including groceries, transportation, eating out, and sports and leisure for one-person. Proximity to employment is an important consideration because it can drastically impact your cost of living. A fast-growing tech hub with low unemployment, Raleigh has seen home prices increase by almost 30% since 2020. Huntsville schools spend $11,583 per student (The US average is $12,383). and accompanying city life tool go one step further by offering information on schools, quality of life and demographics, giving users a one-stop shop to explore new cities. The total cost of living is around $1,892 in Huntsville, AL. Utilities tend to cost 8.40% According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. Since a year ago the price of electricity in Alabama has gone down about 2.971%. What Are The People And Culture Like In Alabama? You should evaluate the options based on your usage and preferences and pick the best fit for your needs. What your skills are worth in the job market is constantly changing. This is konwn as the debt-to-income ratio (DTI). Education data was provided courtesy of Greatschools, a nationwide ratings system that evaluates schools based on performance on state achievement tests. Cost of Living in Huntsville - Numbeo Ranked 1752nd (TOP 19%) in the list of best places to live in the world and 356th best city to live in the United States, and 2nd most liveable city in Alabama. Private school data was obtained from the Department of Education, and average private tuition was compiled by averaging tuition across randomly selected schools in each city. Cost Of Living - Find out what your salary should be if you moved to a new place. Huntsville also ranks No. In those areas you will be sure to find lots of free or cheap events to go to and plenty of cheap places to eat. The houses currently on the market in the Huntsville, AL area are an average listing price of about $208,900 with an average 2,340 of square footage. Goods, services and housing are all very affordable. Click here to customize .) To maintain your standard of living in Huntsville, Cost of Living Calculator | Huntsville, AL vs. Birmingham, AL - NerdWallet However, prices may fluctuate based on factors such as the type of products purchased, the store visited, and any discounts or promotions available. A cost of living index above 100 means Huntsville, Alabama is more expensive. A low rate can save you hundreds each year. Cost of living Images Rankings Map & Stats Population 199,845 Unemployment 5.0% Poverty 15.2% Median Home $184,500 Median Income $56,758 Median Rent $868 Search Homes For Sale In Huntsville, AL Huntsville SnackAbility 7 Overall SnackAbility Jobs 7 /10 Housing 8 Affordability 7 Diversity If you decide to retire in Huntsville, you'll find that the cost of living is below the national average. This cost is ranked NO. A shift towards, Handling involuntary termination is a likely occurrence for human resources managers and, Return better results with Payscale job search, Compare real living costs across different states, Consider potential directions your career can take, Calculate the 20-year net ROI for US-based colleges, Are you the kind of person who struggles to get a handle, Learn where the best career earners attended college, Streamlined solutions for every step of the compensation management journey, Continuously updated compensation datasets from Payscale and our partners, Flexible, customizable services and support for Payscale customers, End comp guesswork with our free job-pricing tool, From collection to validation, our data methodology delivers certainty, Meet the leaders dedicated to empowering better conversations around pay, Track and compare wage-growth by city, industry, company size, and job category, Access helpful tools and insights for career planning and salary negotiation, Explore real-world career trends and advice from the leaders in compensation, Uncover detailed salary data for specific jobs, employers, schools, and more, Take our salary survey to see what you should be earning. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. peaceful living. A crowdsourced database with a cost of living calculator for prices comparison in 9294 cities in 197 countries all over the world. For example, the cost of living in San Francisco is twice that of Boise, Idaho. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. $1,523. It is not specific to any particular qualification. The same type of job in the same type of company in Huntsville, AL will typically pay $63,641 . 1. All rights reserved. Renters have a median income of $28,710. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. Here's how to know how much you really need. 30% higher. Consider the miscellaneous category the catch-all for all other expenses, like the price of groceries, office supplies, clothing, vet services and more. These scores combine to make the Best Places to Live for Families, taking into consideration not only the cost of living and average annual salary, but also the quality of high school education, average commute time, crime rate, the areas overall well-being and access to top-notch health care.
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