Pelham, AL Cost Of Living
Cost Of Living In Pelham, AL Summary
Cost of living in Pelham 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 Pelham 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 Pelham is 99, with 100 being the average.
The cost of living index in Pelham is 1.0x lower than the national average.
Pelham ranks as the #95 cheapest in Alabama out of 115.
Pelham ranks as the #3,027 cheapest out of 6,412 in the US.
The median home value in Pelham is $215,700.
The median income in Pelham is $81,606.
Table Of Contents
Pelham's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Pelham, AL?
According to the most recent data on the cost of living, Pelham has an overall cost of living index of 99, which is 1.0x lower than the national index of 100.
Compared to Alabama, Pelham has a cost of living index that's 1.1x higher than Alabama's index of 88.
The standard of living in Pelham ranks as #95 most affordable out of the 115 places we measured in Alabama. By definition, that implies Pelham ranks as the #20 most expensive place in the Heart of Dixie.
For more reading on life in Pelham, check out:
- Living In Pelham
- Search Homes For Sale In Pelham, AL
In Alabama
In America
Pelham Cost Of Living Vs. Alabama
Six factors go into calculating the cost of living index in Pelham. Here is how it fairs on each of the criteria:
The Services index in Pelham is 102.
The Groceries index in Pelham is 95.
The Health index in Pelham is 93.
The Housing index in Pelham is 97.
The Transportation index in Pelham is 97.
The Utilities index in Pelham is 102.
| Living Expense | Pelham | Alabama | National Average | |
|---|---|---|---|---|
| Overall | 99 | 88 | 100 | |
| Services | 102 | 95 | 100 | |
| Groceries | 95 | 97 | 100 | |
| Health | 93 | 88 | 100 | |
| Housing | 97 | 69 | 100 | |
| Transportation | 97 | 90 | 100 | |
| Utilities | 102 | 101 | 100 | |
Pelham, 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 Pelham is $215,700.
The Median Rent in Pelham is $1,194.
The Median Income in Pelham is $81,606.
The Home Value To Income in Pelham is 2.6x.
The Rent To Monthly Income in Pelham is 0.18x.
| Statistic | Pelham | Alabama | United States |
|---|---|---|---|
| Median Home Value | $215,700 | $157,100 | $244,900 |
| Median Rent | $1,194 | $852 | $1,163 |
| Median Income | $81,606 | $54,943 | $69,021 |
| Home Value To Income | 2.6x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Pelham, AL Costs By Category
Detailed Pelham Services Costs Vs. Alabama
Detailed Pelham Groceries Costs Vs. Alabama
Detailed Pelham Health Costs Vs. Alabama
Detailed Pelham Transportation Costs Vs. Alabama
Detailed Pelham Utilities Costs Vs. Alabama
Pelham SnackAbility
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Cost Of Living In Cities Around Pelham
The cost of living varies in the cities and towns around Pelham. 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 Pelham.
Hoover, AL has a cost of living index of 110, 1.1x Pelham.
Vestavia Hills, AL has a cost of living index of 117, 1.2x Pelham.
| City | Population | Cost Of Living | Vs. Pelham |
|---|---|---|---|
| Birmingham, AL | 202,234 | 87 | 0.9x |
| Hoover, AL | 91,371 | 110 | 1.1x |
| Vestavia Hills, AL | 38,504 | 117 | 1.2x |
| Alabaster, AL | 33,133 | 98 | 1.0x |
| Homewood, AL | 26,206 | 112 | 1.1x |
| Bessemer, AL | 26,171 | 84 | 0.8x |
| Helena, AL | 20,680 | 102 | 1.0x |
| Hueytown, AL | 16,694 | 91 | 0.9x |
| Calera, AL | 16,126 | 97 | 1.0x |
| Chelsea, AL | 14,710 | 107 | 1.1x |
