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A low cost of living and a high quality of life are reasons why Mobile is continuously ranked in Money Magazine’s “Best Places to Live” annual survey.
The average cost of a home purchased during 2009 was $143,452, well below the national average. During the past several years, the average home appreciated between five and eight percent annually.
The
selection of existing homes in any one of Mobile’s downtown and midtown
neighborhoods (including seven historic residential districts) ranges from
mansions to Victorian cottages. Further away from the central business
district, suburban neighborhoods offer the options of waterfront property,
rolling hills and quiet cul de sacs. ACCRA, (www.accra.org) The American
Chamber of Commerce Researchers Association, produces a quarterly cost of living
index for over 300 cities throughout the United States. The ACCRA index uses the
national average as a base of 100.0 and ranks the cities accordingly. Mobile's
cost of living is among the 15 lowest out of the 80 mid-size U.S. metropolitan
areas according to the ACCRA survey.
Comparative Cost of Living Indicators
2nd Quarter 2010
City |
All Items |
Food |
Housing |
Utility |
Health Care |
Misc. Services |
|
|
|
|
|
|
|
|
|
Atlanta, GA |
96.0 |
96.34 |
89.9 |
84.8 |
104.0 |
103.4 |
|
Austin, TX |
95.0 |
90.6 |
84.4 |
110.0 |
99.8 |
99.2 |
|
Charleston, SC |
97.2 |
103.5 |
92.6 |
95.9 |
107.0 |
98.8 |
|
Charlotte, NC |
92.6 |
95.4 |
79.7 |
88.8 |
110.0 |
100.9 |
|
Dallas, TX |
91.9 |
96.3 |
69.6 |
105.0 |
103.1 |
100.9 |
|
Denver, CO |
103.4 |
99.5 |
108.8 |
102.0 |
103.0 |
103.7 |
|
Houston, TX |
91.9 |
85.8 |
81.5 |
95.4 |
93.9 |
99.9 |
|
Huntsville, AL |
91.7 |
94.1 |
81.9 |
85.5 |
91.0 |
99.4 |
|
Jackson, MS |
96.9 |
93.2 |
92.8 |
117.0 |
94.7 |
97.7 |
|
Jacksonville, FL |
92.1 |
102.4 |
79.2 |
89.8 |
97.0 |
95.0 |
|
Memphis, TN |
86.5 |
89.2 |
75.5 |
82.8 |
97.5 |
92.8 |
|
Mobile, AL |
92.4 |
102.0 |
78.3 |
105.3 |
87.1 |
97.1 |
|
New Orleans, LA |
95.8 |
96.9 |
94.9 |
84.2 |
93.4 |
99.7 |
|
New York, NY |
209.7 |
153.0 |
365.2 |
172.0 |
132.3 |
146.7 |
|
Orlando, FL |
97.1 |
97.1 |
85.3 |
108.5 |
96.2 |
103.2 |
|
Phoenix, AZ |
99.6 |
108.9 |
91.1 |
96.1 |
108.3 |
100.8 |
|
Pittsburg, PA |
91.8 |
104.2 |
75.1 |
96.7 |
89.4 |
96.2 |
|
San Antonio, TX |
96.2 |
85.0 |
95.6 |
81.3 |
96.3 |
105.6 |
|
San Francisco, CA |
162.5 |
110.5 |
275.3 |
94.9 |
116.3 |
128.3 |
|
Shreveport, LA |
96.1 |
97.3 |
93.5 |
93.1 |
94.1 |
99.2 |
|
St. Louis, MO |
90.0 |
95.8 |
74.0 |
91.5 |
100.8 |
96.2 |
|
Tampa, FL |
92.2 |
96.7 |
84.5 |
93.8 |
98.1 |
92.5 |
Source: ACCRA: 2nd Quarter 2010
