Housing costs in Bessemer?
A typical home costs
$245,500, which is 27.4% less expensive than the national average of
$338,100 and 14.7% more expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Bessemer costs
$1,050 per month, which is 11.7% more than the national average of
$940 and close to the state average of
$1,060.
Can I afford Bessemer?
To live comfortably in Bessemer (zip 35022), Alabama, a minimum annual income of
$47,160 for a family, and
$36,800 for a single person is recommended.
What does A.I. say about Bessemer?
The cost of living in 35022 Bessemer, AL is fairly low compared to other parts of the country. The median home value is $131,200 and the median rent is only $711 per month. This makes it an attractive place for those who are looking for a more affordable housing option. Additionally, groceries and goods are relatively inexpensive here due to the lower demand for goods in this area. Utility costs tend to be low as well due to lower energy needs and less expensive services available here. All in all, the cost of living in 35022 Bessemer, AL is very reasonable compared to other parts of the country.