Housing costs in Myrtlewood?
A typical home costs
$92,000, which is 72.8% less expensive than the national average of
$338,100 and 57.0% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Myrtlewood costs
$650 per month, which is 54.5% cheaper than the national average of
$1,430 and 44.6% cheaper than the state average of
$940.
Can I afford Myrtlewood?
To live comfortably in Myrtlewood, Alabama, a minimum annual income of
$17,640 for a family, and
$23,200 for a single person is recommended.
What does A.I. say about Myrtlewood?
Myrtlewood, AL is a great place to live with an affordable cost of living. The cost of living index in Myrtlewood is much lower than the national average. In fact, it is 12% lower than the US average overall, making it an attractive option for those looking to save money on housing and other expenses. The median home value in Myrtlewood is approximately $70,000 compared to the median home value in Alabama of around $137,000. Additionally, utilities such as electricity and water are very affordable in Myrtlewood. All these factors make Myrtlewood an attractive option for people looking for a great place to live that won't break the bank.