Housing costs in Chancellor?
A typical home costs
$180,800, which is 46.5% less expensive than the national average of
$338,100 and 15.5% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Chancellor costs
$740 per month, which is 48.3% cheaper than the national average of
$1,430 and 27.0% cheaper than the state average of
$940.
Can I afford Chancellor?
To live comfortably in Chancellor (zip 36316), Alabama, a minimum annual income of
$34,560 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Chancellor?
The cost of living in 36316 Chancellor, AL is quite low compared to the national average. The median home value is about $90,000, well below the nation-wide median of $196,500. Additionally, groceries and healthcare are both significantly cheaper than the national averages, making it a great place for those looking to save money. Utilities and transportation costs are also lower than what most people would be used to in other parts of the country. All in all, 36316 Chancellor, AL is an affordable place to live for many households.