Housing costs in Somerville?
A typical home costs
$145,100, which is 57.1% less expensive than the national average of
$338,100 and 32.2% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Somerville costs
$790 per month, which is 44.8% cheaper than the national average of
$1,430 and 19.0% cheaper than the state average of
$940.
Can I afford Somerville?
To live comfortably in Somerville, Alabama, a minimum annual income of
$27,720 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Somerville?
Somerville, AL offers an affordable cost of living compared to the national average. The city's median income is well below the national average, yet housing costs are still relatively low. As of 2019, the median home value in Somerville is approximately $175,000, lower than both the state and national averages. Furthermore, groceries and transportation costs are also significantly lower than the national averages. All these factors contribute to making Somerville a great destination for those looking for a high quality of life at an affordable price.