Housing costs in Homewood?
A typical home costs
$446,000, which is 31.9% more expensive than the national average of
$338,100 and 108.4% more expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Homewood costs
$1,340 per month, which is 42.6% more than the national average of
$940 and 20.9% more than the state average of
$1,060.
Can I afford Homewood?
To live comfortably in Homewood (zip 35209), Alabama, a minimum annual income of
$85,320 for a family, and
$46,800 for a single person is recommended.
What does A.I. say about Homewood?
The cost of living in 35209 Homewood, AL is higher than the national average, with a cost-of-living index of 109.7. Housing costs in particular are significantly higher than the national average, with an index score of 150.8. Groceries and healthcare also come in well above the national averages at 97.8 and 103.5, respectively. In addition to these higher costs, transportation is also slightly more expensive than average at 95.1. All in all, living in this area can be quite costly compared to other locations across the country.