Theodore, AL Cost Of Living
Cost Of Living In Theodore, AL Summary
Cost of living in Theodore 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 Theodore 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 Theodore is 90, with 100 being the average.
The cost of living index in Theodore is 0.9x lower than the national average.
Theodore ranks as the #57 cheapest in Alabama out of 115.
Theodore ranks as the #1,633 cheapest out of 6,412 in the US.
The median home value in Theodore is $120,300.
The median income in Theodore is $57,524.
Table Of Contents
Theodore's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Theodore, AL?
According to the most recent data on the cost of living, Theodore has an overall cost of living index of 90, which is 0.9x lower than the national index of 100.
Compared to Alabama, Theodore has a cost of living index that's 1.0x higher than Alabama's index of 88.
The standard of living in Theodore ranks as #57 most affordable out of the 115 places we measured in Alabama. By definition, that implies Theodore ranks as the #58 most expensive place in the Heart of Dixie.
For more reading on life in Theodore, check out:
- Living In Theodore
- Search Homes For Sale In Theodore, AL
In Alabama
In America
Theodore Cost Of Living Vs. Alabama
Six factors go into calculating the cost of living index in Theodore. Here is how it fairs on each of the criteria:
The Services index in Theodore is 102.
The Groceries index in Theodore is 99.
The Health index in Theodore is 103.
The Housing index in Theodore is 68.
The Transportation index in Theodore is 91.
The Utilities index in Theodore is 100.
| Living Expense | Theodore | Alabama | National Average | |
|---|---|---|---|---|
| Overall | 90 | 88 | 100 | |
| Services | 102 | 95 | 100 | |
| Groceries | 99 | 97 | 100 | |
| Health | 103 | 88 | 100 | |
| Housing | 68 | 69 | 100 | |
| Transportation | 91 | 90 | 100 | |
| Utilities | 100 | 101 | 100 | |
Theodore, 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 Theodore is $120,300.
The Median Rent in Theodore is $1,084.
The Median Income in Theodore is $57,524.
The Home Value To Income in Theodore is 2.1x.
The Rent To Monthly Income in Theodore is 0.23x.
| Statistic | Theodore | Alabama | United States |
|---|---|---|---|
| Median Home Value | $120,300 | $157,100 | $244,900 |
| Median Rent | $1,084 | $852 | $1,163 |
| Median Income | $57,524 | $54,943 | $69,021 |
| Home Value To Income | 2.1x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Theodore, AL Costs By Category
Detailed Theodore Services Costs Vs. Alabama
Detailed Theodore Groceries Costs Vs. Alabama
Detailed Theodore Health Costs Vs. Alabama
Detailed Theodore Transportation Costs Vs. Alabama
Detailed Theodore Utilities Costs Vs. Alabama
Theodore SnackAbility
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Cost Of Living In Cities Around Theodore
The cost of living varies in the cities and towns around Theodore. Here's a quick look at the cost of living in the most populous nearby places:
Mobile, AL has a cost of living index of 88, 1.0x Theodore.
Daphne, AL has a cost of living index of 99, 1.1x Theodore.
Fairhope, AL has a cost of living index of 105, 1.2x Theodore.
| City | Population | Cost Of Living | Vs. Theodore |
|---|---|---|---|
| Mobile, AL | 187,445 | 88 | 1.0x |
| Daphne, AL | 27,088 | 99 | 1.1x |
| Fairhope, AL | 21,825 | 105 | 1.2x |
| Prichard, AL | 19,645 | 82 | 0.9x |
| Tillmans Corner, AL | 18,313 | 90 | 1.0x |
| Chickasaw, AL | 6,421 | 86 | 1.0x |
