Housing costs in Pennington?
A typical home costs
$59,500, which is 82.4% less expensive than the national average of
$338,100 and 72.2% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Pennington costs
$660 per month, which is 53.8% cheaper than the national average of
$1,430 and 42.4% cheaper than the state average of
$940.
Can I afford Pennington?
To live comfortably in Pennington, Alabama, a minimum annual income of
$11,520 for a family, and
$20,000 for a single person is recommended.
What does A.I. say about Pennington?
The cost of living in Pennington, AL is quite affordable. The median home value is estimated to be around $86,000, which is 7% lower than the national average. In addition, Pennington has a low unemployment rate and its citizens tend to have good job security. With a lower than average cost of living, residents are able to enjoy all the amenities Pennington has to offer without breaking their budget. Groceries and health care costs are also lower than the national average which makes it easy for families to stay within their means.