Housing costs in Malvern?
A typical home costs
$152,000, which is 55.0% less expensive than the national average of
$338,100 and 29.0% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Malvern costs
$770 per month, which is 46.2% cheaper than the national average of
$1,430 and 22.1% cheaper than the state average of
$940.
Can I afford Malvern?
To live comfortably in Malvern, Alabama, a minimum annual income of
$29,160 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Malvern?
The cost of living in Malvern, AL is surprisingly affordable. The overall cost of living index is lower than the national average, while housing is especially economical when compared to other parts of the state or country. The median home value in Malvern is quite reasonable at approximately $114,000 with a median rent price of around $743 per month. Groceries and healthcare are also fairly priced and utilities are quite inexpensive. All in all, living in Malvern presents an excellent opportunity for people looking for a place to live that won’t break the bank.