Housing costs in Five Points?
A typical home costs
$178,900, which is 47.1% less expensive than the national average of
$338,100 and 16.4% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Five Points 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 Five Points?
To live comfortably in Five Points, Alabama, a minimum annual income of
$34,200 for a family, and
$22,400 for a single person is recommended.
What does A.I. say about Five Points?
The cost of living in Five Points, AL is quite reasonable. The overall cost of living index is 95.5, which is slightly lower than the national average of 100. Housing costs are especially low, with median home prices below $100,000 and rent prices significantly less than many other areas in the U.S. Groceries and utilities are also relatively cheap, while transportation costs are about the same as nationwide averages. All in all, Five Points offers a great lifestyle for those looking to live comfortably on a budget.