Cost of living in Irondale 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 Irondale 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 Irondale is 91, with 100 being the average.
The cost of living index in Irondale is 0.9x lower than the national average.
Irondale ranks as the #63 cheapest in Alabama out of 115.
Irondale ranks as the #1,804 cheapest out of 6,412 in the US.
The median home value in Irondale is $169,400.
The median income in Irondale is $63,010.
According to the most recent data on the cost of living, Irondale has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.
Compared to Alabama, Irondale has a cost of living index that's 1.0x higher than Alabama's index of 88.
The standard of living in Irondale ranks as #63 most affordable out of the 115 places we measured in Alabama. By definition, that implies Irondale ranks as the #52 most expensive place in the Heart of Dixie.
For more reading on life in Irondale, check out:
Six factors go into calculating the cost of living index in Irondale. Here is how it fairs on each of the criteria:
The Services index in Irondale is 99.
The Groceries index in Irondale is 95.
The Health index in Irondale is 93.
The Housing index in Irondale is 79.
The Transportation index in Irondale is 94.
The Utilities index in Irondale is 100.
Living Expense | Irondale | Alabama | National Average | |
---|---|---|---|---|
Overall | 91 | 88 | 100 | |
Services | 99 | 95 | 100 | |
Groceries | 95 | 97 | 100 | |
Health | 93 | 88 | 100 | |
Housing | 79 | 69 | 100 | |
Transportation | 94 | 90 | 100 | |
Utilities | 100 | 101 | 100 |
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 Irondale is $169,400.
The Median Rent in Irondale is $1,074.
The Median Income in Irondale is $63,010.
The Home Value To Income in Irondale is 2.7x.
The Rent To Monthly Income in Irondale is 0.2x.
Statistic | Irondale | Alabama | United States |
---|---|---|---|
Median Home Value | $169,400 | $157,100 | $244,900 |
Median Rent | $1,074 | $852 | $1,163 |
Median Income | $63,010 | $54,943 | $69,021 |
Home Value To Income | 2.7x | 2.9x | 3.5x |
Rent To Monthly Income | 0.2x | 0.19x | 0.2x |
The cost of living varies in the cities and towns around Irondale. 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 Irondale.
Vestavia Hills, AL has a cost of living index of 117, 1.3x Irondale.
Homewood, AL has a cost of living index of 112, 1.2x Irondale.
City | Population | Cost Of Living | Vs. Irondale |
---|---|---|---|
Birmingham, AL | 202,234 | 87 | 1.0x |
Vestavia Hills, AL | 38,504 | 117 | 1.3x |
Homewood, AL | 26,206 | 112 | 1.2x |
Trussville, AL | 25,027 | 106 | 1.2x |
Pelham, AL | 24,134 | 99 | 1.1x |
Mountain Brook, AL | 22,184 | 145 | 1.6x |
Center Point, AL | 16,422 | 90 | 1.0x |
Gardendale, AL | 15,920 | 95 | 1.0x |
Chelsea, AL | 14,710 | 107 | 1.2x |
Moody, AL | 13,100 | 92 | 1.0x |