Housing costs in Cottonwood?
A typical home costs
$132,000, which is 61.0% less expensive than the national average of
$338,100 and 38.3% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Cottonwood costs
$750 per month, which is 20.2% cheaper than the national average of
$940 and close to the state average of
$760.
Can I afford Cottonwood?
To live comfortably in Cottonwood (zip 36320), Alabama, a minimum annual income of
$25,200 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Cottonwood?
The cost of living in 36320 Cottonwood, AL is quite affordable. The median home value is $87,300, which is relatively low when compared to the national average of $184,700. Additionally, the median household income in this area is around $40,074 annually, slightly lower than the US average of $55,322. Overall, Cottonwood offers a comfortable and affordable lifestyle for both individuals and families alike. With a thriving business climate and plenty of outdoor activities, it's easy to see why many people choose to call this town home.