Housing costs in Peterman?
A typical home costs
$102,500, which is 69.7% less expensive than the national average of
$338,100 and 52.1% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Peterman costs
$760 per month, which is 46.9% cheaper than the national average of
$1,430 and 23.7% cheaper than the state average of
$940.
Can I afford Peterman?
To live comfortably in Peterman, Alabama, a minimum annual income of
$19,800 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Peterman?
The cost of living in Peterman, AL is relatively low compared to other parts of the country. In fact, the median home value for the area is $58,900 according to BestPlaces. Furthermore, Peterman has some of the lowest property taxes in the state, with an average rate of just 0.44%, which makes owning a home more affordable for many residents. Additionally, groceries and health care are very reasonably priced in Peterman, giving residents even more ways to save on expenses. All in all, those looking to live in a small town without breaking the bank should definitely consider Peterman as a potential spot to call home.