Housing costs in Glencoe?
A typical home costs
$170,200, which is 49.7% less expensive than the national average of
$338,100 and 20.5% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Glencoe 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 Glencoe?
To live comfortably in Glencoe, Alabama, a minimum annual income of
$32,760 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Glencoe?
The cost of living in Glencoe, AL is quite affordable. The overall cost of living index is about 9% lower than the national average, which makes it an attractive option for those looking to save money. Housing costs are particularly low, with a median home value of around $81,000. Overall, groceries and utilities tend to be cheaper as well, making it easy to get by without breaking the bank. Additionally, the city's tax rate is relatively low compared to other areas in Alabama. All these factors combined make Glencoe a great place to live if you're looking for a budget-friendly lifestyle.