How Much Does It Cost to Live in Birmingham, Alabama?

Birmingham is a medium city located in Alabama with a metropolitan area population of 212,038. A couple could live a moderate lifestyle in Birmingham on a budget of $3,085 per month, or $37,016 per year.

Cost of Living in Birmingham, Alabama

As noted above, the cost of living in Birmingham, Alabama is $3,085 per month for a couple living a moderate lifestyle. This budget consists of $1,462 for housing related costs, $833 for food, and $789 for other costs, all of which will be broken down below.

Housing

  • A one-bedroom apartment in the city center of Birmingham is estimated to cost $1,141
  • Basic utilities including electricity, water, and gas will run about $240
  • High-speed internet averages $81

Food

  • Typical grocery costs of $616 per month include things like bread, eggs, milk, cheese, rice, chicken breast, bottled water, fruits, and vegetables
  • Alcohol including beer and wine for moderate home consumption costs about $96
  • Frequent coffees in a neighborhood café are estimated to be about $121

Other

  • Meals out are estimated to be $475 per month, including 4 meals in mid-range restaurants and 8 in inexpensive restaurants
  • Transportation costs of $188 for public transport passes and occasional taxis
  • Fitness center memberships of $77
  • Cinema tickets of $50 include several outings for international releases

Note that Birmingham, Alabama is a very walkable city with a Walk Score of 83/100, which means you won’t need a car if you are living in the city center and you may even save some money by not using public transportation and taxis very often.

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Amount of Money Needed to Retire in Birmingham, Alabama

Many people searching the internet for the cost of living in Birmingham, Alabama are doing so to see if and when they can quit their jobs and retire. A popular and easy way to calculate your retirement number is using the 4% Rule.

The 4% Rule estimates that a person(s) could withdraw 4% of their retirement nest egg and never run out of money. Using this calculation, a couple would need an investment portfolio of $925,395 to live a moderate lifestyle in Birmingham, Alabama.

Annual expenses of $37,016 ÷ 4% = $925,395 portfolio needed.

Of course, everyone’s financial situation is different, and the above calculation could change based on any other sources of passive income and social security income.

Summary

Overall, the cost of living in Birmingham, Alabama is affordable coming in at $3,085 for a couple living a moderate lifestyle. Those seeking to retire could do so comfortably with a retirement portfolio of $925,395.

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