What is the cheapest area to live in Birmingham?

Is Birmingham a cheap place to live?

Located midway between London and Manchester, Birmingham offers a substantially lower cost of living than either, making it an attractive option which has plenty of things to discover on a student budget. As the second most populous city in the UK, there are loads of options for accommodation, lifestyle and transport.

Is Birmingham Alabama a cheap place to live?

Birmingham, AL housing is 22% cheaper than the U.S average, while utilities are about 7% pricier. When it comes to basic necessities such as food and clothing, groceries are around 2% less in Birmingham, AL than in the rest of the country, while clothing costs around 2% less .

What is the average cost of housing in Birmingham Alabama?

Birmingham, AL housing market

In January 2024, the median listing home price in Birmingham, AL was $179K, trending up 19.3% year-over-year. The median listing home price per square foot was $115. The median home sold price was $186.5K.

What is the best neighborhood to invest in Birmingham Alabama?

Birmingham is the most populous city in Alabama, offering a range of property investment opportunities. Diverse demographics and living options appeal to urban and suburban lifestyles. Top neighborhoods for investment include Highland Park, Crestwood South, and Forest Park.

The Cost of Living in Birmingham

What is the safest area to live in Birmingham?

Is rent in Birmingham expensive?

The average rent in Birmingham is £1,213 per calendar month (PCM), according to Home. Property prices per bedroom: One bedroom - £733 pcm.

How much does it cost to build a 2 bedroom house in Alabama?

It costs about $133 per square foot to build a house in Alabama. So, you would have to spend $266,000 to build a 2,000-square-foot home in Alabama. These costs will vary depending on location, property type, labor expenses, material costs, etc.

Are Birmingham house prices dropping?

House prices dropped by 1.8% in Birmingham in November, new figures show. The drop contributes to the longer-term trend, which has seen property prices in the area suffer a 3.1% annual decline. The average Birmingham house price in November was £225,934, Land Registry figures show – a 1.8% decrease on October.

What is the cheapest town to live in Alabama?

#1: Gadsden

With a median home sale price of $176,200, Gadsden is the most affordable place to live in Alabama. About 60 miles northeast of Birmingham, the nearest major metro, Gadsden is home to roughly 33,900 people.

Where is it cheap to live in Alabama?

Is it a good idea to move to Alabama?

Living in Alabama is more cost-effective than most states

Alabama boasts of a lower cost of living compared to most states. This makes it easy to buy a beautiful, century-old home without breaking the bank. You can even explore your income-generating opportunities by purchasing a potential-laden parcel of land.

Which part of Birmingham is good to live?

Edgbaston – one of the more affluent ares in Birmingham – has long been rivalling Solihull for top position of the best places to buy a house and live in Birmingham or the broader West Midlands.

How much money do you need to buy a house in Birmingham?

What's the Average Price for Property in Birmingham? The average house price in Birmingham was £274k in January 2022. However, most properties are being sold in the price range between £150k-£200k. So, the average 10% deposit expected from a first-time buyer will be around £27,400.

Is it good idea to move to Birmingham?

Birmingham is a great, vibrant place to live. Affordable high-quality housing, robust transportation systems, and a wealth of cultural diversity make Birmingham a prime location for living and studying. There are plenty of reasons why thousands of people flock to its major universities, many from overseas!

Is it cheaper to buy or build in Alabama?

As a general rule, building a custom home that is tailored to your every need will be more expensive than buying a tract home from a builder. On average, building a custom home in Alabama will cost $90 to $137 per square foot, while building a tract home in Alabama will cost $70 to $90 per square foot.

How much does it cost to build a 2000 sq ft house in Alabama?

The average cost per square foot to build a new home in Alabama is about $134. So for a 2,000 square foot home, expect to spend about $267,000 plus. However, the total price ranges from $300,000 to $540,000 based on land, fees, materials, labour and other costs.

Is it cheaper to buy or build a house?

Overall, it's cheaper to build a home than to buy one in California, with 13 out of the 20 counties saving you money if you decide to build your house from scratch. Budget-wise, building is more favorable in Southern California whereas Central California caters best to those interested in buying.

Where is the cheapest rent in Birmingham?

Castle Vale is a housing estate located between Erdington, Minworth and Castle Bromwich. The estate is part of the Tyburn Ward and is the cheapest place to rent a property in Birmingham..

Why is Birmingham rent so expensive?

The rising cost of debt and cost of living pressures did little to subdue demand for homes in Birmingham with average rental values rising 17.9% annually according to the latest research from JLL.

Is Birmingham a low income area?

Birmingham has the highest share of residents living in the most deprived areas with 43% of people living in areas that are ranked in the 10% most deprived areas nationally.

Is minimum wage going up to $15 an hour in Alabama?

Five states – Alabama, Louisiana, Mississippi, South Carolina and Tennessee – have no minimum wage law so the federal figure of $7.25 per hour is used. Federal minimum wage has not been changed in 14 years since it was boosted from $6.55 per hour in 2009.

What is a good hourly wage in Alabama?

As of Feb 22, 2024, the average hourly pay for a Hourly in Alabama is $25.51 an hour. While ZipRecruiter is seeing salaries as high as $38.35 and as low as $15.47, the majority of Hourly salaries currently range between $22.64 (25th percentile) to $25.29 (75th percentile) in Alabama.

What is a livable salary in Alabama?

The livable wage in Alabama is $15.91 per hour. The state's lower livable wage can be attributed to its lower cost of living compared to some other states.