Housing costs in Edgewater?
A typical home costs
$61,800, which is 81.7% less expensive than the national average of
$338,100 and 71.1% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Edgewater costs
$930 per month, which is 35.0% cheaper than the national average of
$1,430 and close to the state average of
$940.
Can I afford Edgewater?
To live comfortably in Edgewater, Alabama, a minimum annual income of
$11,880 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Edgewater?
The cost of living in Edgewater, AL is quite reasonable. According to the Council for Community and Economic Research's Cost of Living Index, Edgewater's cost of living index score is 77.2, which is lower than the average U.S. city index score of 100. This means that goods and services are generally more affordable in Edgewater than in other areas around the country. Housing costs are also relatively low compared to other cities, making it a great place to purchase or rent property at an affordable price. Additionally, Edgewater offers many discounts and incentives for residents, such as tax breaks for homeowners and tax-free shopping at certain times throughout the year. With all these benefits combined, it's easy to see why living in Edgewater can be a great choice for those looking to save some extra money each month.