Housing costs in Red Level?
A typical home costs
$116,900, which is 65.4% less expensive than the national average of
$338,100 and 45.4% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Red Level costs
$720 per month, which is 49.7% cheaper than the national average of
$1,430 and 30.6% cheaper than the state average of
$940.
Can I afford Red Level?
To live comfortably in Red Level, Alabama, a minimum annual income of
$22,320 for a family, and
$22,000 for a single person is recommended.
What does A.I. say about Red Level?
The cost of living in Red Level, AL is relatively low compared to other parts of the country. The median home value in Red Level is around $90,000, which is very affordable when compared to nearby cities like Birmingham and Montgomery. Additionally, the average cost of living index for the city is around 89.4, making it 13% lower than the national average—a sizable difference for potential home buyers or renters. Groceries also tend to be significantly cheaper in Red Level than other areas of Alabama, with a score of 85.5 on the same index, making it 14% lower than the US average. With all these factors combined, Red Level offers a great place to live at an affordable price.