Bessemer, AL Cost Of Living
Cost Of Living In Bessemer, AL Summary
Cost of living in Bessemer research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Bessemer is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Alabama, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Bessemer is 84, with 100 being the average.
The cost of living index in Bessemer is 0.8x lower than the national average.
Bessemer ranks as the #16 cheapest in Alabama out of 115.
Bessemer ranks as the #629 cheapest out of 6,412 in the US.
The median home value in Bessemer is $102,200.
The median income in Bessemer is $32,416.
Table Of Contents
Bessemer's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Bessemer, AL?
According to the most recent data on the cost of living, Bessemer has an overall cost of living index of 84, which is 0.8x lower than the national index of 100.
Compared to Alabama, Bessemer has a cost of living index that's 1.0x lower than Alabama's index of 88.
The standard of living in Bessemer ranks as #16 most affordable out of the 115 places we measured in Alabama. By definition, that implies Bessemer ranks as the #99 most expensive place in the Heart of Dixie.
For more reading on life in Bessemer, check out:
- Living In Bessemer
- Search Homes For Sale In Bessemer, AL
In Alabama
In America
Bessemer Cost Of Living Vs. Alabama
Six factors go into calculating the cost of living index in Bessemer. Here is how it fairs on each of the criteria:
The Services index in Bessemer is 101.
The Groceries index in Bessemer is 92.
The Health index in Bessemer is 91.
The Housing index in Bessemer is 55.
The Transportation index in Bessemer is 96.
The Utilities index in Bessemer is 100.
| Living Expense | Bessemer | Alabama | National Average | |
|---|---|---|---|---|
| Overall | 84 | 88 | 100 | |
| Services | 101 | 95 | 100 | |
| Groceries | 92 | 97 | 100 | |
| Health | 91 | 88 | 100 | |
| Housing | 55 | 69 | 100 | |
| Transportation | 96 | 90 | 100 | |
| Utilities | 100 | 101 | 100 | |
Bessemer, AL Housing Cost Breakdown
Housing swings affordability the most between places in Alabama, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Bessemer is $102,200.
The Median Rent in Bessemer is $786.
The Median Income in Bessemer is $32,416.
The Home Value To Income in Bessemer is 3.2x.
The Rent To Monthly Income in Bessemer is 0.29x.
| Statistic | Bessemer | Alabama | United States |
|---|---|---|---|
| Median Home Value | $102,200 | $157,100 | $244,900 |
| Median Rent | $786 | $852 | $1,163 |
| Median Income | $32,416 | $54,943 | $69,021 |
| Home Value To Income | 3.2x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.29x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Bessemer, AL Costs By Category
Detailed Bessemer Services Costs Vs. Alabama
Detailed Bessemer Groceries Costs Vs. Alabama
Detailed Bessemer Health Costs Vs. Alabama
Detailed Bessemer Transportation Costs Vs. Alabama
Detailed Bessemer Utilities Costs Vs. Alabama
Bessemer SnackAbility
/10
Cost Of Living In Cities Around Bessemer
The cost of living varies in the cities and towns around Bessemer. Here's a quick look at the cost of living in the most populous nearby places:
Birmingham, AL has a cost of living index of 87, 1.0x Bessemer.
Hoover, AL has a cost of living index of 110, 1.3x Bessemer.
Alabaster, AL has a cost of living index of 98, 1.2x Bessemer.
| City | Population | Cost Of Living | Vs. Bessemer |
|---|---|---|---|
| Birmingham, AL | 202,234 | 87 | 1.0x |
| Hoover, AL | 91,371 | 110 | 1.3x |
| Alabaster, AL | 33,133 | 98 | 1.2x |
| Homewood, AL | 26,206 | 112 | 1.3x |
| Pelham, AL | 24,134 | 99 | 1.2x |
| Helena, AL | 20,680 | 102 | 1.2x |
| Hueytown, AL | 16,694 | 91 | 1.1x |
| Chelsea, AL | 14,710 | 107 | 1.3x |
| Fairfield, AL | 10,108 | 85 | 1.0x |
| Pleasant Grove, AL | 9,638 | 98 | 1.2x |
