Housing costs in Fayette?
A typical home costs
$110,600, which is 67.3% less expensive than the national average of
$338,100 and 48.3% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Fayette costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 14.6% cheaper than the state average of
$940.
Can I afford Fayette?
To live comfortably in Fayette (zip 35555), Alabama, a minimum annual income of
$21,240 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Fayette?
In 35555 Fayette, AL, the cost of living is relatively low compared to other parts of the country. According to BestPlaces, the overall cost of living index in this area is 81, which is well below the US average rating of 100. Housing costs are especially affordable in 35555 Fayette, with a median home price of just $77,000 and an average rental rate of $581 per month. Other living expenses such as groceries and healthcare are also moderate in comparison to other areas. Those looking for an affordable place to live should consider 35555 Fayette AL when considering their options.