Housing costs in Pelham?
A typical home costs
$284,800, which is 15.8% less expensive than the national average of
$338,100 and 33.1% more expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Pelham costs
$1,360 per month, which is 4.9% cheaper than the national average of
$1,430 and 30.9% more than the state average of
$940.
Can I afford Pelham?
To live comfortably in Pelham, Alabama, a minimum annual income of
$54,720 for a family, and
$47,600 for a single person is recommended.
What does A.I. say about Pelham?
The cost of living in Pelham, AL is relatively affordable compared to many other parts of the country. According to a 2020 survey, the median home value is $166,000 and the median household income is $58,819. The area also has an overall cost of living index that is 6% lower than the US average. This makes it easy for families to comfortably afford housing, transportation, groceries, utilities, and other everyday costs without stretching their budget too thin. In addition to its affordability, Pelham also offers plenty of outdoor activities that make living in this area even more enjoyable.