Housing costs in Alabama?
A typical home costs
$214,000, which is 36.7% less expensive than the national average of
$338,100 and 0.0% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Alabama costs
$940 per month, which is 34.3% cheaper than the national average of
$1,430 and close to the state average of
$940.
Can I afford Alabama?
To live comfortably in Alabama, a minimum annual income of
$41,040 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Alabama?
The cost of living in Alabama State is relatively low compared to other states. According to the most recent BestPlaces data, Alabama's median household income is approximately $48,123, which is close to 3% lower than the national average of $50,221. Additionally, a number of cities across the state offer some of the lowest housing costs in the nation. The average cost of a home in Alabama is only $90,800 compared to the national average of $231,200. Other major expenses such as food and transportation are also below the national average in Alabama making it an attractive place to live for those on a budget.