Housing costs in Alabama?
A typical home costs
$162,300, which is 52.0% less expensive than the national average of
$338,100 and 60.8% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Alabama costs
$990 per month, which is 30.8% more than the national average of
$1,430 and 98.0% more than the state average of
$1,960.
Can I afford Alabama?
To live comfortably in Alabama, New York, a minimum annual income of
$30,960 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Alabama?
The cost of living in Alabama, NY is relatively low compared to much of the rest of the country. The median home price in Alabama is $275,400, which is significantly less expensive than many areas in the Northeast region. Additionally, groceries and utility costs are generally below average compared to other states. With a median household income of $67,039, citizens of Alabama can enjoy a decent quality of life despite the lower cost housing prices. Furthermore, with no state income tax and low sales tax rates, Alabama residents retain more money on average than their neighbors in other states.