Housing costs in Banks?
A typical home costs
$181,100, which is 46.4% less expensive than the national average of
$338,100 and 15.4% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Banks costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 4.4% cheaper than the state average of
$940.
Can I afford Banks?
To live comfortably in Banks, Alabama, a minimum annual income of
$34,560 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Banks?
In Banks, AL, the cost of living is substantially lower than the US average. The median value of houses in Banks, AL is $181100, which is much lower than the US average house value of $338100. On top of that, the cost of living index in Banks is 78.1, while the US average is 100. This means that a basket of goods and services that would cost $100 in the United States would only cost $78.10 in Banks. Therefore, if you are looking to save money and live comfortably at an affordable price, then Banks might be a great choice for you!