Housing costs in Magnolia Springs?
A typical home costs
$338,700, which is 0.2% more expensive than the national average of
$338,100 and 58.3% more expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Magnolia Springs costs
$1,010 per month, which is 7.4% more than the national average of
$940 and 19.8% cheaper than the state average of
$1,210.
Can I afford Magnolia Springs?
To live comfortably in Magnolia Springs (zip 36555), Alabama, a minimum annual income of
$64,800 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Magnolia Springs?
36555 Magnolia Springs, AL has a relatively low cost of living compared to other areas in the US. According to Best Places, the cost of living index in Magnolia Springs is 86.2, which is 14.8% lower than the national average. Residents benefit from relatively low real estate costs with a median housing cost of $109,300 and monthly rent hovering around $750. Groceries, utilities and other essential day-to-day expenses are also generally cheaper than the national average. This makes Magnolia Springs an attractive option for those looking for an affordable place to live in Alabama.