Housing costs in Cottonwood?
A typical home costs
$133,200, which is 60.6% less expensive than the national average of
$338,100 and 37.8% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Cottonwood 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 Cottonwood?
To live comfortably in Cottonwood, Alabama, a minimum annual income of
$25,560 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Cottonwood?
The cost of living in Cottonwood, AL is much lower than the national average. According to the Cost of Living Index, it is around 13% less expensive than the country's average. This means that goods and services here are cheaper than in comparable cities across the United States. Housing costs are particularly low, with median home prices being much less than those seen in larger metropolitan areas. Additionally, transportation costs are relatively low due to the small town nature of Cottonwood and its lack of need for public transit options like buses or trains. All in all, the cost of living in Cottonwood is very attractive for those looking to save money on basic necessities or seeking a more relaxed lifestyle away from the hustle and bustle of bigger cities.