Housing costs in Loachapoka?
A typical home costs
$199,400, which is 41.0% less expensive than the national average of
$338,100 and 6.8% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Loachapoka 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 Loachapoka?
To live comfortably in Loachapoka, Alabama, a minimum annual income of
$38,160 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about Loachapoka?
The cost of living in Loachapoka, AL is relatively low compared to other parts of the state. The median home price in Loachapoka is $127,200, considerably lower than the state average of $201,000. Additionally, this small town boasts a low overall cost of living index rating, which is 11 percent below the national average. Housing costs are particularly low due to the abundance of older homes and access to affordable rental options. Groceries and health care costs are also below average in Loachapoka while transportation costs are slightly higher than the national average. Overall, living in Loachapoka can be an affordable option for those looking for a rural lifestyle.