Housing costs in Providence?
A typical home costs
$135,200, which is 60.0% less expensive than the national average of
$338,100 and 36.8% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Providence costs
$750 per month, which is 47.6% cheaper than the national average of
$1,430 and 25.3% cheaper than the state average of
$940.
Can I afford Providence?
To live comfortably in Providence, Alabama, a minimum annual income of
$25,920 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Providence?
The cost of living in Providence, AL is relatively affordable. The average price of a home is just over $100,000 and the median household income is over $50,000 per year. Grocery prices are below the national average, and there are several dining options available that offer reasonably-priced meals. Gasoline prices are also below the national average, which helps keep transportation costs to a minimum. Additionally, with no state tax on incomes or sales, residents have more money to spend on other items. All combined, these factors make Providence an attractive place to live for people on a budget.