Housing costs in Montgomery?
A typical home costs
$169,600, which is 49.8% less expensive than the national average of
$338,100 and 20.7% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Montgomery costs
$980 per month, which is 31.5% cheaper than the national average of
$1,430 and 4.1% cheaper than the state average of
$940.
Can I afford Montgomery?
To live comfortably in Montgomery Alab Metro Area, Alabama, a minimum annual income of
$32,400 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Montgomery?
The cost of living in Montgomery, AL Metro Area is significantly lower than the US average. According to the data, the cost of living in Montgomery is 83.1 compared to the US average of 100, making it 16.9% less expensive than other areas in the country. This lower cost of living makes Montgomery an attractive option for people looking to save money on basic expenses such as housing and food. Additionally, this lower cost of living is accompanied by a similarly low median house value; at $169,600, Montgomery's house values are roughly 50% below the national median value of $338,100. All this combined makes Montgomery an appealing place for those looking for affordability and convenience.