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. The cost of living in Huntsville, AL is 8.52% Crime Rates - What Places Have Low Crime Rates? The cost of living in any area can vary based on factors such as your career, its average salary and the real estate market of that area. AL. 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. Other costs will be around $739 including groceries, transportation, eating out, and sports and leisure for one-person. Huntsville's housing expenses are 25% lower than the national average and the utility prices are 2% lower than the national average. For example, the cost of living in San Francisco is twice that of Boise, Idaho. Among Huntsville homeowners, the median income is $74,295. 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. Median Rent $ 1,027 / month Energy Bill $ 173.46 / month Phone Bill $ 186.61 / month Gas $ 3.10 / gallon Food & Grocery Huntsville has grocery prices that are 2% lower than the national average.. The cost of living in Huntsville is 13% lower than the national average. household income of: The cost of living is 8.52% According to the latest BLS data, consumers average over $7,000 per year on food expenses. Cost of Living in Huntsville, Alabama - Sperling's BestPlaces With a median home price . places to live around Huntsville, The cost of living in Huntsville is 7% lower than the national average, Alabama general sales tax is 22% lower than the national average, Alabama state income tax is 11% lower than the national average. Some colleges and universities with Childhood Education programs also may have day care centers available at reduced costs, so you should explore those possibilities to see if you can reduce your child care expense. 1. 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. All rights reserved. A side benefit is that you may be able to relax, work, or read on the way to work, or get to know and chat with other commuters. Huntsville schools spend $11,583 per student (The US average is $12,383). Huntsville is a city in Madison County and Limestone County, Alabama, United States, with a small portion extending into Morgan County. You might be using an unsupported or outdated browser. Today it's 36C with good air quality (40 g/m3). AL, you'll need a For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. Click here to customize .) Cost of Living in Huntsville, AL - August 2023 prices This is konwn as the debt-to-income ratio (DTI). Median home price (3BR, 2BA) The cost of living is 6% higher in Raleigh, NC. Cost of Living Calculator | Huntsville, AL vs. Raleigh, NC - NerdWallet Estimated monthly cost $1,438. and utilities cost around $140 a month. Demands for a living wage that is fair to workers have resulted in numerous location-based changes to minimum wage levels. the highest. All financial products, shopping products and services are presented without warranty. 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. Some employers have company provided day care centers that let you bring your child to work with you and receive care on site. Step-By-Step Pay Equity Analysis Guide Product Guide By clicking Download Product Guide, Do you know what your employees really want for the holidays? We paid 140k for a 3/4 ranch style house on a half acre (750ish mortgage) and stuff around town . Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. Do not sell or share my personal information. Cookies are used for measurement, ads and optimization. The cost of living in United States varies significantly depending Decreasing steadily. Huntsville/Madison County Convention & Visitors Bureau. For those aspiring astronauts and. Cost of Living in Huntsville - Numbeo : This data reflects 2022 and was released from. The only other Southeastern state to beat Alabama on that list was Mississippi. You're not going to get the "big city" vibes in Huntsville, but it truly is a great place to raise a family. While other resources provide basic cost comparisons. Our partners compensate us. From a year ago, the housing price has seen almost a 10% increase in market value and a 1.1% growth in the housing markets and growing with the influx of homes being sold at its current rate. Average Annual Salary: $61,140. 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. 5112 Eclectic Way NE, Huntsville, AL 35811. . More traffic means more gas spent. If you're okay with an apartment outside of the city centre that will be cost around $1,015. Huntsville named #1 place to live for families by the U.S. News & World The average housing price per square foot is $155, with 2,579 square feet being the average home size. If you perform the same calculation with a cost of index below the national average of 100, youll get a negative number showing how much money youll save. Recently updated on February 11th, 2023 at 02:18 pm Table of Contents Where Are The Best Places To Live In Alabama? What your skills are worth in the job market is constantly changing. 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. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Price collection by city is conducted in strict conformance with standard specifications at specified times. When moving to a distant place, help your children learn about the new area. Median Home Price: $349,778. Utilities tend to cost 8.40% Living Wage Calculation for Huntsville, AL Cost of living is also tied to income, as salary levels in a geographic area are measured against these expenses. The median home cost of living in Huntsville, Alabama, is $153,200. That's. $5,021 is a good salary according to average cost of living which is $1,892. Huntsville, AL Quality of Life, Demographics, And Statistics - HomeSnacks Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. Weekly trips to the grocery store can add up, especially if food costs are high where you live. Home appreciation the last 10 years has been 88.4%. - Overall, United States, is than Huntsville, Alabama. In May, the publication ranked Huntsville among the top 3 best places to live in the United States for a third year in a row . Transform pay with our enterprise-grade comp platform, Automate compensation with our full-suite solution, Payscale's employer-reported salary data network, The world`s largest employee-submitted pay database, Annual survey salary data from HR industry publishers, The crowdsourced compensation data API for developers, 100% company submitted data from 2,000+ businesses, Schedule a personalized demo to feel the power of Payscale, Find salary information for similar job titles and locations, Comp Planning Business Case Pitch Deck By clicking Download Pitch Deck, you. This indicates that a monthly maximum of $1,733 should be spent by homeowners on all housing related costs. 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 average cost of living in Huntsville is $1630, which is in the top 28% of the most expensive cities in the world, ranked 2572nd out of 9294 in our global list, 1953rd out of 2202 in the United States, and 21st out of 34 in Alabama. 2023 Compare Cities Cost of Living: Huntsville, AL vs Silver City, NM The biggest factors in any move are the standard of 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. The largest increases were found in Transportation, Food, and Housing. Contents [ show] Pros of Living in Huntsville, Alabama There are many advantages to living in Huntsville, Alabama. Your lifestyle and what you prioritize will also play into whether a particular destination is suitable for your salary and ideal cost of living. For example, the cost of an unlimited MetroCard in New York was obtained from the MTA website. However, this number does not cover other living costs, such as child care, utilities, groceries, and taxes. A crowdsourced database with a cost of living calculator for prices comparison in 9294 cities in 197 countries all over the world. NerdWallet excluded state and local tax data because tax rates vary by state and metropolitan area, and sometimes within metropolitan area as well. This cost is ranked NO. Children, who dont have the maturity, independence, and understanding of a parent may be even more sensitive to a move. 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. Before you get the keys to your new home, you'll have to pay closing costs. Cost of Living in Huntsville AL - Movoto by OJO 2. 49 nationally. You'll have to take out a loan to live here. Compared to only Alabama, Huntsville has a cost of living index that's 1.1x higher than Alabama's index of 90. Source: Wikipedia (as of 04/11/2019). Our cost of living calculator will help you figure out if your move will work for your budget and salary. Cost of living in Huntsville , Alabama - Dwellics Excellent. 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. Utilities tend to cost 8.40% lower. 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. The total cost of living is around $1,892 in Huntsville, AL. The median after-tax salary is $6792, which is enough to cover living expenses for 4.2 months. The average rent in Huntsville, AL for a one-bedroom apartment in the city centre is approximately $1,294 per month, Median 2-bedroom apartment rent. For a more accurate assessment, it's essential to explore the cost of living in different cities across United States, Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate, Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment, 1 min. Alabama Huntsville United States of America Madison County Alabama North America Place comments sorted by . Prices for goods and services in Huntsville are partly crowdsourced by our visitors, just like yourself. Please consider telling us about your city. Coming up with the cash for a down payment is the biggest roadblock for most home buyers. Costs of goods and services are declining. They are based on 77 prices entered by 10 different people. Average Age of Homes - The median age of Huntsville real estate is 39 years old The Rental Market in Huntsville - Renters make up 35.6% of the Huntsville population Read more from, Huntsville, Alabama going out to eat at a restaurant and buying food is considered to be affordable. Huntsville, AL Cost Of Living - HomeSnacks Health Care Index by Country Pollution Index (Current) Traffic Index (Current) A single person estimated monthly costs are 1,050.1$ (without rent, see our 15.50 $ Meal for 2 People, Mid-range Restaurant, Three-course 50.00 $ 9.00 $ Domestic Beer (1 pint draught) 4.75 $ Imported Beer (12 oz small bottle) 7.50 $ 4.75 $ Coke/Pepsi (12 oz small bottle) The average cost of living in Huntsville is $1658, which is in the top 26% of the most expensive cities in the world, ranked 2421st out of 9294 in our global list, 2003rd out of 2202 in the United States, and 26th out of 34 in Alabama. Disclaimer: NerdWallet strives to keep its information accurate and up to date. The cost of living in Huntsville, AL is 4% higher than the state average and 8% lower than the national average. 2023 Forbes Media LLC. Monthly bus pass costs were obtained from the individual websites of the public transit system for each city. Huntsville is the county seat of Madison County. A cost of living index above 100 means Huntsville, Alabama is more expensive. NerdWallet strives to keep its information accurate and up to date. If its over 100, its more expensive than the national average. 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. All financial products, shopping products and services are presented without warranty. Public transportation links and options remain relatively limited within Huntsville so car ownership tends to be favored over taking public buses or taxis.Our cost of living indices are based on a US average of 100. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105. Education data was provided courtesy of Greatschools, a nationwide ratings system that evaluates schools based on performance on state achievement tests. 52 Reviews|Review This Place|Photos and Maps. Since rental expense makes up a significant part of the, Looks for areas of Huntsville, Alabama where there is a large student population. Compare cost of living between U.S. cities and the national average with our comprehensive calculator. If you would like to know the cost of living in other cities, then please enter a city name. What is the cost of living in Huntsville, AL? Metro Population:483,366 . Cost of Living in Huntsville, AL: rent, food, transport of Prepaid Mobile Tariff Local (No Discounts or Plans), Internet (60 Mbps or More, Unlimited Data, Cable/ADSL), Chicken Breasts (Boneless, Skinless), (1kg), Beef Round (1kg) (or Equivalent Back Leg Red Meat), Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car), Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car), 1 Summer Dress in a Chain Store (Zara, H&M, ), Meal for 2 People, Mid-range Restaurant, Three-course, McMeal at McDonalds (or Equivalent Combo Meal), Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child, International Primary School, Yearly for 1 Child, Price per Square Meter to Buy Apartment in City Centre, Price per Square Meter to Buy Apartment Outside of Centre, cost of living in different cities across, Cost of living in New York, NY vs San Francisco, CA, Cost of living in San Francisco, CA vs Seattle, WA. If they are old enough to understand, include the children in making plans for the move. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Huntsville is a city located primarily in Madison County in the Appalachian region of northern Alabama. In general, in the past year, rental costs in Huntsville have increased by approximately 1.6%. Proximity to employment is an important consideration because it can drastically impact your cost of living. Cost of living in Huntsville, Alabama, United States - Expatistan Walkability and public transit scores were obtained from Walk Score. Our partners cannot pay us to guarantee favorable reviews of their products or services. One tip to reduce this cost and your overall. $957. Choosing the right mortgage can help make your home buying journey easier and more affordable. According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. 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. Education in Huntsville, Alabama - Sperling's BestPlaces Core cost of living data is from The Cost of Living Index - COLI from the Council for Community and Economic Research. Transportation tends to cost 12.40% Increasing rapidly. Whether you use a cost of living index or a cost of living calculator, each will help you feel more confident in deciding where to live. than your current city. All Rights Reserved. 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. It is not specific to any particular qualification. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Have a question not covered here? Huntsville was also the only city from Alabama in the top 25. Open the app and start learning about the neighborhood you are standing in Sperling's Best Places. Median Home Price:$349,778 Whether youre a commuter via your own vehicle or public transportation, considering factors like the price of gas and monthly cost of taking a train or bus is crucial when budgeting for your move. Metro Size:1,361.6 square miles living and what salary youll need to make in order to reach that standard. The cost of living in Huntsville, AL is 4.9% higher than in Chattanooga, TN. Due to the plethora of state taxes, local taxes, jurisdictions and assessment procedures involved in the assessment of income, property and sales taxes, local tax rates cannot be accurately calculated. If you decide to retire in Huntsville, you'll find that the cost of living is below the national average. Summary of cost of living in Huntsville, Alabama. by US News and World Report. Not only isHuntsville'smedian 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. Are you sure you want to rest your choices? 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). Relying on a country-wide average may lead to misleading Best Places 2023-2024 Rank:2 In Huntsville Hills, the median household income is $64,208. You can also follow our #iHeartHsv blogfor new content and fresh perspectives on Huntsville and surrounding areas from local guest bloggers. Everything is more expensive than I'd like. best Housing in Huntsville, Alabama - Sperling's BestPlaces household income. Healthcare in Huntsville is 6% lower than the national average. Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. Thursday, August 17, 2023 8:00 AM Cost of Living in Alabama (2023) | SoFi And it adds up. Renters have a median income of $28,710. Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. You could eat out less, cut back on takeout and cook more often. The median after-tax salary is $5208, which is enough to cover living expenses for 3.1 months. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. Cost of Living Calculator | Huntsville, AL vs. Albuquerque, NM - NerdWallet 25 for its relatively low risk of extreme weather or natural disasters, and higher resilience to those that could occur. The expenses that factor into cost of living can include housing affordability, transportation expenses, food prices and entertainment costs. According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. Cost of Living Calculator | Huntsville, AL vs. Birmingham, AL - NerdWallet I can barely keep up with the increasing prices. Cost of Living in Huntsville, Alabama. Updated May 2023 - SalaryExpert lower 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. Costs are dropping at a rapid rate. Huntsville, AL area prices were up 1.3% from a year ago. Here's how to know how much you really need. A cost of living index allows you to compare what it costs to live in one place against another, revealing how far your money will go in different areas. A low rate can save you hundreds each year. of boneless chicken breast, 0.5 l (16 oz) domestic beer in the supermarket, Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area, Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area, Utilities 1 month (heating, electricity, gas ) for 2 people in 85m2 flat, Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area, Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area, Utilities 1 month (heating, electricity, gas ) for 1 person in 45 m2 (480 sqft) studio, Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands), 1 summer dress in a high street store (zara, h&m or similar retailers), 1 pair of sport shoes (nike, adidas, or equivalent brands), Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new, Taxi trip on a business day, basic tariff, 8 km. The rule of thumb is not to spend more than 30% of your total income on housing. https://realestate.usnews.com/real-estate/slideshows/best-places-to-live-in-the-us-for-families. How Much Does It Cost To Live In Alabama? Median home price: $460,500. Adults find that moving can sometimes be an emotional and stressful experience. Housing costs: According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. It is comprised of nearly 100,000 data points gathered primarily by C2ER members located in 400 cities.. The living wage shown is the hourly rate that an individual in a household must earn to support his or herself and their family. Cities - Compare Economy, Cost of Living, Schools, Crime and More. Combine those statistics with how the cost of goods and services compare with other metro areas, Huntsville's the fourth most affordable metro area out of the 150 places on the list. Consider the miscellaneous category the catch-all for all other expenses, like the price of groceries, office supplies, clothing, vet services and more. A fast-growing tech hub with low unemployment, Raleigh has seen home prices increase by almost 30% since 2020. Cost of Living in Huntsville, AL | PayScale Huntsville, AL housing is 25% cheaper than the U.S average, while utilities are about 2% less pricey .

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