Housing costs in Underwood-Petersville?
A typical home costs
$120,100, which is 64.5% less expensive than the national average of
$338,100 and 43.9% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Underwood-Petersville costs
$950 per month, which is 33.6% cheaper than the national average of
$1,430 and close to the state average of
$940.
Can I afford Underwood-Petersville?
To live comfortably in Underwood-Petersville, Alabama, a minimum annual income of
$23,040 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Underwood-Petersville?
The cost of living in Underwood-Petersville, AL is relatively low when compared to other parts of the state. According to the Cost of Living Index, the index for Underwood-Petersville is 86, while the national average is 100. This means that goods and services are relatively cheaper in this town when compared to other areas. The median household income is also below the national average at $30,467. Property taxes are also lower than the rest of Alabama, making it a great place for newcomers looking for an affordable place to live. Overall, Underwood-Petersville offers a great balance between affordability and quality of life.