Homewood, AL Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-07
112
Homewood's Overall Cost Of Living
1.1x
Higher Than The National Average
110 out of 115
In Alabama
4,296 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Homewood is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Homewood, AL?

According to the most recent data on the cost of living, Homewood has an overall cost of living index of 112 which is 1.1x higher than the national index of 100.

Compared to only Alabama, Homewood has a cost of living index that's 1.2x higher than Alabama's index of 90.

The standard of living in Homewood ranks as #4,298 most affordable out of the 6,418 places we measured in Alabama. By definition, that implies Homewood ranks as the #2,121 most expensive place in the Heart of Dixie.

For more reading on life in Homewood, check out:

Homewood Cost Of Living Vs. Alabama

Living Expense Homewood Alabama National Average
Overall 112 90 100
Services 103 98 100
Groceries 94 98 100
Health 90 92 100
Housing 145 73 100
Transportation 96 91 100
Utilities 103 103 100
For more reading on cost of living around Alabama, check out:
Homewood Cost of Living Vs. AL

Homewood, AL Housing Cost Breakdown

Housing swings affordability the most between places in Alabama, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$379,800
Median Home Value
$1,206
Median Rent
$84,418
Median Income
Statistic Homewood Alabama United States
Median Home Value $379,800 $149,600 $229,800
Median Rent $1,206 $811 $1,096
Median Income $84,418 $52,035 $64,994
Home Value To Income 4.5x 2.9x 3.5x
Rent To Monthly Income 0.17x 0.19x 0.2x

Detailed Homewood Services Costs Vs. Alabama

Item Homewood Alabama
Shampoo $0.88 $1.06
Movie $12.74 $10.68
Bowling $15.0 $14.67

Detailed Homewood Groceries Costs Vs. Alabama

Item Homewood Alabama
Ground Beef $4.35 $4.22
Fried Chicken $1.38 $1.39
Milk $1.92 $2.05

Detailed Homewood Health Costs Vs. Alabama

Item Homewood Alabama
Haircut $16.76 $18.62
Beauty Salon $33.83 $39.05
Toothpaste $1.8 $2.34

Detailed Homewood Transportation Costs Vs. Alabama

Item Homewood Alabama
Potatoes $3.0 $3.29
Pizza $9.76 $10.62
Beer $9.12 $9.38
Optometrist $95.8 $108.57
Doctor $77.78 $116.17
Dentist $106.79 $99.13

Detailed Homewood Utilities Costs Vs. Alabama

Item Homewood Alabama
Gasoline $2.03 $2.22
Tire Balancing $50.9 $50.07
All Electricity $172.23 $167.67
Phone $181.81 $175.64

Homewood SnackAbility

7.5
/10
Overall SnackAbility
Jobs
8.5/10
Housing
8.5
Affordability
6
Diversity
8
Safety
N/A
Amenities
9
Education
9
Commute
9

Cost Of Living In Cities Around Homewood

City Population Cost Of Living Vs. Homewood
Birmingham, AL 210,928 87 0.8x
Hoover, AL 85,386 110 1.0x
Vestavia Hills, AL 34,482 117 1.0x
Bessemer, AL 26,063 84 0.8x
Pelham, AL 23,707 99 0.9x
Trussville, AL 22,590 106 0.9x
Mountain Brook, AL 20,178 145 1.3x
Center Point, AL 15,971 90 0.8x
Hueytown, AL 15,446 91 0.8x
Chelsea, AL 13,599 107 1.0x

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