Housing costs in New Hope?
A typical home costs
$180,100, which is 46.7% less expensive than the national average of
$338,100 and 15.8% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in New Hope costs
$940 per month, which is 34.3% cheaper than the national average of
$1,430 and close to the state average of
$940.
Can I afford New Hope?
To live comfortably in New Hope, Alabama, a minimum annual income of
$34,560 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about New Hope?
The cost of living in New Hope, AL is quite reasonable. The median home price in the area is around $130,000, making it an affordable area to buy a home. Additionally, the cost of groceries and utilities are lower than the national average. Residents also benefit from Alabama's low sales tax rate of just 4%. With all these factors combined, New Hope provides its residents with a comfortable quality of life at an affordable price.