Housing costs in Kimberly?
A typical home costs
$245,900, which is 27.3% less expensive than the national average of
$338,100 and 14.9% more expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Kimberly costs
$1,020 per month, which is 28.7% cheaper than the national average of
$1,430 and 7.8% more than the state average of
$940.
Can I afford Kimberly?
To live comfortably in Kimberly, Alabama, a minimum annual income of
$47,160 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about Kimberly?
The cost of living in Kimberly, AL is relatively affordable compared to other places in the US. According to the Council for Community and Economic Research’s Cost of Living Index, Kimberly has a cost of living index score of 91.3, which is 9.7% below the national average. This means that basic goods and services like groceries, housing costs, utilities, transportation costs and healthcare expenses are all affordable in Kimberly. Additionally, with the median household income being $63,548 as of 2019, individuals and families can enjoy a comfortable lifestyle without having to worry about excessive out-of-pocket expenses.