cost of living

Alabama is an affordable location for those seeking a high quality of life.

The cost of housing in Alabama is quite low, with average sale prices for homes some 28 percent less than the national average. During the first quarter of 2009, the median sales price for a home in Alabama was $120,571, while the U.S. average was $169,400.

Alabama has among the lowest property taxes in the United States.

Electric rates in Alabama are considerably lower than the national average. According to the Energy Information Administration, Alabama’s 2007 average electric rate for residential customers was 9.32 cents per kilowatt hour, compared to the national average of 10.65 cents per kilowatt hour.