Housing costs in Loxley?
A typical home costs
$262,100, which is 22.5% less expensive than the national average of
$338,100 and 22.5% more expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Loxley costs
$1,230 per month, which is 14.0% cheaper than the national average of
$1,430 and 23.6% more than the state average of
$940.
Can I afford Loxley?
To live comfortably in Loxley, Alabama, a minimum annual income of
$50,400 for a family, and
$38,000 for a single person is recommended.
What does A.I. say about Loxley?
The cost of living in Loxley, AL is quite reasonable compared to other cities and towns across the country. The overall cost of living index for Loxley is 83.4, which is significantly lower than the national average of 100. Additionally, housing costs are especially low with an index of 62.2 – about 37% less than the national average. This makes Loxley a great place to settle down for those who want to buy a home or rent at an affordable rate. In addition, utility costs are also relatively low in Loxley allowing residents to save money on these essential services as well. All in all, the cost of living in Loxley is very attractive and makes it a great option for those looking for value and affordability in their area.