Housing costs in Theodore?
A typical home costs
$183,200, which is 45.8% less expensive than the national average of
$338,100 and 14.4% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Theodore costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 13.3% cheaper than the state average of
$940.
Can I afford Theodore?
To live comfortably in Theodore, Alabama, a minimum annual income of
$35,280 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Theodore?
The cost of living in Theodore, AL is relatively affordable. The overall cost of living index is around 84, which is 16% lower than the national average. Housing costs are especially low, with the median home value coming in at $91,300 and monthly rent averaging just $893 per month. Transportation expenses are also quite reasonable, with the average price of gas estimated to be around $2.36 per gallon. Utility costs are also quite moderate due to mild weather conditions for much of the year and excellent energy efficiency standards across the board. Overall, it can be said that living in Theodore is quite affordable when compared to other parts of Alabama or the nation as a whole.