Housing costs in Montgomery?
A typical home costs
$233,500, which is 30.9% less expensive than the national average of
$338,100 and 9.1% more expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Montgomery costs
$1,150 per month, which is 22.3% more than the national average of
$940 and 14.8% more than the state average of
$980.
Can I afford Montgomery?
To live comfortably in Montgomery (zip 36117), Alabama, a minimum annual income of
$44,640 for a family, and
$38,400 for a single person is recommended.
What does A.I. say about Montgomery?
The cost of living in 36117 Montgomery, AL is quite reasonable. According to BestPlaces's Cost of Living Index, the average monthly costs for a single person amount to about $1,054 per month. This includes expenses such as food, transportation, utilities, and rent. Renting a one-bedroom apartment in the city can cost anywhere from $425 to $895 depending on location and amenities. Eating out at restaurants can range from an inexpensive meal for two people for around $25 to a more upscale dinner for two at around $70. Transportation costs are also relatively low; the public transit system covers most areas with fares starting at just $1 per ride. Altogether, living in 36117 Montgomery offers residents an affordable life with plenty of opportunities for entertainment and exploration.