Cost of living in Leeds 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 Leeds 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 Leeds is 94, with 100 being the average.
The cost of living index in Leeds is 0.9x lower than the national average.
Leeds ranks as the #77 cheapest in Alabama out of 115.
Leeds ranks as the #2,290 cheapest out of 6,412 in the US.
The median home value in Leeds is $169,900.
The median income in Leeds is $62,432.
According to the most recent data on the cost of living, Leeds has an overall cost of living index of 94, which is 0.9x lower than the national index of 100.
Compared to Alabama, Leeds has a cost of living index that's 1.1x higher than Alabama's index of 88.
The standard of living in Leeds ranks as #77 most affordable out of the 115 places we measured in Alabama. By definition, that implies Leeds ranks as the #38 most expensive place in the Heart of Dixie.
For more reading on life in Leeds, check out:
Six factors go into calculating the cost of living index in Leeds. Here is how it fairs on each of the criteria:
The Services index in Leeds is 100.
The Groceries index in Leeds is 96.
The Health index in Leeds is 91.
The Housing index in Leeds is 79.
The Transportation index in Leeds is 95.
The Utilities index in Leeds is 101.
Living Expense | Leeds | Alabama | National Average | |
---|---|---|---|---|
Overall | 94 | 88 | 100 | |
Services | 100 | 95 | 100 | |
Groceries | 96 | 97 | 100 | |
Health | 91 | 88 | 100 | |
Housing | 79 | 69 | 100 | |
Transportation | 95 | 90 | 100 | |
Utilities | 101 | 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 Leeds is $169,900.
The Median Rent in Leeds is $790.
The Median Income in Leeds is $62,432.
The Home Value To Income in Leeds is 2.7x.
The Rent To Monthly Income in Leeds is 0.15x.
Statistic | Leeds | Alabama | United States |
---|---|---|---|
Median Home Value | $169,900 | $157,100 | $244,900 |
Median Rent | $790 | $852 | $1,163 |
Median Income | $62,432 | $54,943 | $69,021 |
Home Value To Income | 2.7x | 2.9x | 3.5x |
Rent To Monthly Income | 0.15x | 0.19x | 0.2x |
The cost of living varies in the cities and towns around Leeds. 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, 0.9x Leeds.
Homewood, AL has a cost of living index of 112, 1.2x Leeds.
Trussville, AL has a cost of living index of 106, 1.1x Leeds.
City | Population | Cost Of Living | Vs. Leeds |
---|---|---|---|
Birmingham, AL | 202,234 | 87 | 0.9x |
Homewood, AL | 26,206 | 112 | 1.2x |
Trussville, AL | 25,027 | 106 | 1.1x |
Pelham, AL | 24,134 | 99 | 1.1x |
Center Point, AL | 16,422 | 90 | 1.0x |
Gardendale, AL | 15,920 | 95 | 1.0x |
Chelsea, AL | 14,710 | 107 | 1.1x |
Irondale, AL | 13,457 | 91 | 1.0x |
Moody, AL | 13,100 | 92 | 1.0x |
Forestdale, AL | 9,251 | 92 | 1.0x |