Housing costs in Putnam?
A typical home costs
$128,500, which is 62.0% less expensive than the national average of
$338,100 and 40.0% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Putnam costs
$740 per month, which is 48.3% cheaper than the national average of
$1,430 and 27.0% cheaper than the state average of
$940.
Can I afford Putnam?
To live comfortably in Putnam, Alabama, a minimum annual income of
$24,480 for a family, and
$22,800 for a single person is recommended.
What does A.I. say about Putnam?
Putnam, AL is an affordable place to live. The cost of living in this small town is below the national average, which makes it a great option for people looking for low-cost housing and utilities. Groceries, healthcare services, and transportation are all reasonably priced compared to other areas in the state. In addition, numerous local businesses offer discounts and specials throughout the year that help keep expenses down even further. Putnam is a great option for those who want to save money but still experience all the amenities of life in a rural community.