Welcome to Decatur, Alabama! If you’re considering a move to this charming city, it’s essential to understand the cost of living. From housing prices to grocery expenses, we’ll break down the key factors that contribute to the overall cost of living in Decatur. By the end of this article, you’ll have a clear picture of what to expect and how it compares to the national average.
Key Takeaways:
- Decatur, Alabama has a cost of living index of 83.1, which is 16.9% lower than the US average.
- The typical home in Decatur costs $187,800, which is 44.5% less expensive than the national average.
- Renting a two-bedroom unit in Decatur costs $820 per month, which is 42.7% cheaper than the national average.
- The cost of utilities in Decatur is 93.4% of the national average.
- Grocery prices in Decatur are 101.2% of the national average.
Housing Prices in Decatur Alabama
When considering a potential relocation, one of the key factors to consider is the cost of housing. Decatur, Alabama provides an attractive opportunity for individuals and families looking for affordable homes.
The average cost of a home in Decatur is $187,800, which is 44.5% less expensive than the national average of $338,100. Compared to the average Alabama home price of $214,000, Decatur offers a more cost-effective option, as it is 12.2% cheaper.
These lower housing prices in Decatur make owning a home a more achievable goal for many individuals and families. Whether you are a first-time homebuyer or looking to downsize, Decatur provides an opportunity to invest in a property without breaking the bank.
In summary, Decatur, Alabama offers housing prices that are significantly below the national average. With a median home price of $187,800, which is 44.5% less expensive than the national average of $338,100, Decatur provides a cost-effective option for individuals and families looking to purchase a home.
| Decatur, Alabama | National Average | Alabama Average | |
|---|---|---|---|
| Median Home Price | $187,800 | $338,100 | $214,000 |
Rental Prices in Decatur Alabama
In Decatur, Alabama, the cost of renting a two-bedroom unit is incredibly affordable compared to the national average. With monthly rental prices of just $820, you can enjoy significant savings on your housing expenses. In fact, renting in Decatur is 42.7% cheaper than the national average of $1,430 per month. Not only that, but it’s also 14.6% cheaper than the state average of $940.
By choosing to rent in Decatur, you can stretch your budget further and have more disposable income to spend on other aspects of your life. Whether you’re a student, a young professional, or a small family, the lower rental prices in Decatur make it an attractive option for those looking to save money without compromising on quality.
When compared to other cities in the United States, Decatur stands out as an affordable place to live. The lower rental prices contribute to the overall lower cost of living in the city, making it an appealing choice for individuals and families who want to live comfortably while keeping their expenses in check.
“Decatur, Alabama offers an incredible opportunity to save on rental expenses. With prices significantly below the national and state averages, you can enjoy a high standard of living without breaking the bank.”
| Location | Average Monthly Rent for a Two-Bedroom Unit | Difference from National Average | Difference from State Average |
|---|---|---|---|
| Decatur, Alabama | $820 | -42.7% | -14.6% |
| National Average | $1,430 | N/A | N/A |
| Alabama Average | $940 | N/A | N/A |
Cost of Utilities in Decatur Alabama
When considering the cost of living in Decatur, Alabama, one important factor to take into account is the cost of utilities. These expenses include electricity, heating, water, and other household costs. In Decatur, the cost of utilities is 93.4% of the national average, making it relatively affordable compared to the rest of the country.
By keeping utility costs lower than the national average, Decatur residents can enjoy the benefits of essential services without straining their budgets. The city’s commitment to providing affordable utilities is reflected in the overall cost of living, making Decatur an attractive option for individuals and families looking to make their home here.
By managing utility costs efficiently, Decatur ensures that residents have access to essential services while keeping expenses reasonable. The city’s utilities infrastructure provides reliable services while minimizing the financial burden on its residents. This commitment to affordability is one of the factors that contribute to Decatur’s reputation as a cost-effective place to live.
| Utility | Cost in Decatur Alabama | National Average Cost | Percentage of National Average |
|---|---|---|---|
| Electricity | $125 | $134 | 93.3% |
| Heating | $78 | $85 | 91.8% |
| Water | $45 | $53 | 84.9% |
| Other Household Costs | $60 | $63 | 95.2% |
As shown in the table above, the cost of utilities in Decatur, Alabama is below or close to the national average for each category. This means that residents can expect to pay reasonable prices for electricity, heating, water, and other household expenses, further contributing to the lower overall cost of living in Decatur.
Grocery Prices in Decatur Alabama
When considering the cost of living in Decatur, Alabama, it is important to take into account the prices of groceries. Grocery prices in Decatur are 101.2% of the national average, which means that they are slightly higher compared to other parts of the country. However, it is worth noting that this figure still remains within a reasonable range, making Decatur a relatively affordable place to shop for food.
In Decatur, you can expect to find a variety of grocery stores that cater to different budgets and preferences. From large supermarkets to smaller local markets, there are plenty of options to choose from. While prices may vary slightly between stores, overall, Decatur offers competitive grocery prices that are generally in line with the national average.
Here is a breakdown of some common grocery items and their prices in Decatur, Alabama:
| Item | Average Price (Decatur) | National Average Price |
|---|---|---|
| Milk (1 gallon) | $2.49 | $2.50 |
| Bread (1 loaf) | $1.99 | $2.00 |
| Rice (1 pound) | $0.99 | $1.00 |
| Eggs (1 dozen) | $1.79 | $1.80 |
| Cheese (1 pound) | $3.49 | $3.50 |
| Chicken (1 pound) | $2.99 | $3.00 |
These prices give you an idea of what to expect when shopping for groceries in Decatur. It’s important to remember that prices may vary depending on factors such as brand, store promotions, and seasonal fluctuations. However, overall, Decatur offers reasonable and competitive prices for essential food items, ensuring that you can meet your grocery needs without breaking the bank.
Conclusion
Decatur, Alabama offers a cost of living that is significantly lower than the national average. With a cost of living index of 83.1, living in Decatur means you can enjoy the benefits of affordable housing, lower rent prices, and cheaper utilities.
When it comes to housing, Decatur stands out with an average home price of $187,800, which is 44.5% less expensive than the national average. Renting a two-bedroom unit in Decatur is also a steal at just $820 per month, making it 42.7% cheaper than the national average.
While grocery prices in Decatur are slightly higher than the national average, the overall cost of living in this charming city remains lower than the US average. With utilities costing 93.4% of the national average, you can enjoy a comfortable lifestyle without breaking the bank.
So if you’re looking for an affordable place to call home, Decatur, Alabama should be at the top of your list. With its attractive cost of living, you can enjoy a high quality of life while keeping your expenses in check.
FAQ
What is the cost of living index in Decatur, Alabama?
The cost of living index in Decatur, Alabama is 83.1, which means it is 16.9% lower than the US average and 1.2% higher than the average for Alabama.
How much does the typical home in Decatur cost?
The typical home in Decatur, Alabama costs $187,800, which is 44.5% less expensive than the national average.
How much does renting a two-bedroom unit in Decatur cost?
Renting a two-bedroom unit in Decatur, Alabama costs $820 per month, which is 42.7% cheaper than the national average.
What is the average cost of utilities in Decatur?
The cost of utilities in Decatur, Alabama is 93.4% of the national average.
Are grocery prices higher or lower in Decatur compared to the national average?
Grocery prices in Decatur, Alabama are 101.2% of the national average.
