Housing costs in Silverhill?
A typical home costs
$277,500, which is 17.9% less expensive than the national average of
$338,100 and 29.7% more expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Silverhill costs
$1,030 per month, which is 28.0% cheaper than the national average of
$1,430 and 8.7% more than the state average of
$940.
Can I afford Silverhill?
To live comfortably in Silverhill, Alabama, a minimum annual income of
$53,280 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Silverhill?
The cost of living in Silverhill, AL is relatively low compared to other cities in the area. According to BestPlaces, the cost of living index for Silverhill is 79.49, which is significantly lower than the US average of 100. The overall cost of living is 4% lower than the US average, with groceries being 7.7% cheaper and miscellaneous items being 9.5% cheaper. Housing costs are also quite affordable with a rental index that is 6% lower than the national average and an ownership index that is 19% lower. Overall, life in Silverhill can be quite affordable when it comes to cost of living expenses.