Housing costs in New Albany?
A typical home costs
$161,200, which is 52.3% less expensive than the national average of
$338,100 and 3.8% more expensive than the average Mississippi home, at
$155,300. Renting a two-bedroom unit in New Albany costs
$750 per month, which is 47.6% cheaper than the national average of
$1,430 and 18.7% cheaper than the state average of
$890.
Can I afford New Albany?
To live comfortably in New Albany, Mississippi, a minimum annual income of
$30,960 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about New Albany?
The cost of living in New Albany, MS is relatively low compared to the national average. The city offers affordable housing options, with the median home price being just over $100,000. Utilities are also reasonably priced and sales tax rate is just 7%. Additionally, food costs in this area are very reasonable due to the abundance of local farmers' markets. With such an affordable lifestyle, it's easy to see why New Albany has become a popular destination for those looking for a peaceful and comfortable place to call home.