Housing costs in Waldo?
A typical home costs
$90,000, which is 73.4% less expensive than the national average of
$338,100 and 57.9% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Waldo costs
$740 per month, which is 48.3% cheaper than the national average of
$1,430 and 27.0% cheaper than the state average of
$940.
Can I afford Waldo?
To live comfortably in Waldo, Alabama, a minimum annual income of
$17,280 for a family, and
$22,800 for a single person is recommended.
What does A.I. say about Waldo?
The cost of living in Waldo, AL is relatively low compared to other parts of the nation. According to BestPlaces, the cost of living index is 87, which is 13 points below the U.S average and 19 points below the Alabama average. The median home price in Waldo is $112,100, which is 54% lower than the national average. Additionally, transportation costs are very low as gas prices in the area are around 9% lower than the rest of the state. Overall, Waldo proves to be an affordable place to live with a low cost of living that makes it an attractive option for those looking for an inexpensive place to call home.