Housing costs in Chatom?
A typical home costs
$158,900, which is 53.0% less expensive than the national average of
$338,100 and 25.7% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Chatom costs
$910 per month, which is 36.4% cheaper than the national average of
$1,430 and 3.3% cheaper than the state average of
$940.
Can I afford Chatom?
To live comfortably in Chatom (zip 36518), Alabama, a minimum annual income of
$30,600 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Chatom?
The cost of living in 36518 Chatom, AL is relatively low compared to many other areas in the country. According to BestPlaces, the cost of living index for 36518 Chatom, AL is 81.7 which is lower than the national average of 100. This means that basic expenses such as food and shelter costs are much more affordable than what would be expected in other parts of the country. The median home value in this area is also quite reasonable at $83,400 which shows that housing costs are also fairly low. In addition, property taxes are some of the lowest around at just 0.61%. All together these factors make 36518 Chatom a great place to live if you're looking for an affordable cost of living without compromising too much on quality or lifestyle.