Housing costs in Munford?
A typical home costs
$143,700, which is 57.5% less expensive than the national average of
$338,100 and 32.9% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Munford costs
$730 per month, which is 49.0% cheaper than the national average of
$1,430 and 28.8% cheaper than the state average of
$940.
Can I afford Munford?
To live comfortably in Munford, Alabama, a minimum annual income of
$27,360 for a family, and
$22,000 for a single person is recommended.
What does A.I. say about Munford?
The cost of living in Munford, AL is relatively low compared to other cities. According to Sperling's Best Places, the cost of living index for Munford is just 80.7, which is far below the national average of 100. This low cost of living means that goods and services are more affordable than in many other areas. For example, groceries and utilities typically cost less in Munford than they do in other cities. Additionally, housing costs are quite reasonable in this city; the median home price is $110,200, which is much lower than the state median home price of $174,400. All of these factors contribute to making Munford a great place to live if you're looking for an affordable lifestyle.