Zip 35620 (Elkmont, AL) Cost of Living


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How much do I need to live in Elkmont, Alabama?
$3,600 / month
for a family, 33.3% less expensive than the national average A total of $43,200 for the year for a family.
$2,867 / month
for a single person, 39.9% less expensive than the national average A total of $34,400 for the year for a single person.

Elkmont cost of living score
89.4
Less expensive
10.6% lower
than the US average
6.3% higher
than the Alabama average
Elkmont (zip 35620), Alabama gets a BestPlaces Cost of Living score of 89.4, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 10.6% lower than the U.S. average and 6.3% lower than the average for Alabama.

Zip 35620 (Elkmont, AL)

Housing costs in Elkmont?
A typical home costs $225,400, which is 33.3% less expensive than the national average of $338,100 and 5.3% more expensive than the average Alabama home, at $214,000. Renting a two-bedroom unit in Elkmont costs $1,020 per month, which is 8.5% more than the national average of $940 and close to the state average of $1,030.

Can I afford Elkmont?
To live comfortably in Elkmont (zip 35620), Alabama, a minimum annual income of $43,200 for a family, and $34,400 for a single person is recommended.

What does A.I. say about Elkmont?
35620 Elkmont, AL has a cost of living that is slightly lower than the overall U.S. average. The median home price is around $126,000, which is considerably less than the national median of $184,700. Renters can expect to pay an average of around $688 per month for a one-bedroom apartment. Utilities are affordable and groceries tend to be slightly cheaper than the national average as well. Overall, 35620 Elkmont provides an excellent quality of life at an affordable price.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesElkmontAlabamaUnited States
    Unlock84.1100.0
  94.5  Unlock100.0
    Unlock118.9100.0
  59.1  Unlock100.0
    Unlock$214,000$338,100
  95.6  Unlock100.0
    Unlock85.9100.0
  84.2  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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