The Yellowhammer State is a popular destination for seniors to retire, with a low cost of living, mild weather, and different areas designed for senior living. Alabama is indeed their sweet home for retirees, proving that while many people give the southern United States grief, they love to retire there. While many people think of its neighbor, Florida, when it comes to beaches, Alabama is home to beautiful state beaches that provide beautiful sights and weather that rivals that of the Sunshine State. So read below and see why many seniors are moving to the state where hospitality is king.
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Financial Overview
Cost of Living in Alabama
In Alabama, the cost of living is significantly lower than the national average, being 89.3 out of the 100 national average. In addition, housing is considerably cheaper, almost 30 points lower than the national average. While utilities are slightly above the national average, the rest of the costs more than makes up for it, making Alabama an affordable place to live. Retirees looking for an affordable place to live should look to Alabama for many reasons, but its cost of living is perhaps the most significant. The chart below will give you more information about why seniors everywhere move to Alabama.
Cost Comparison Index
100 = National Average
Category
Alabama
US Average
Overall
89.3↓ 10.7%
100
Grocery
98↓ 2.0%
100
Housing
69.2↓ 30.8%
100
Median Home Cost
$142,700
$291,700
Utilities
100.7
100
Transportation
92.8↓ 7.2%
100
Miscellaneous
94.1↓ 5.9%
100
Average Rent by Bedroom Size
Compare Alabama rent prices with the national average
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