Housing costs in Malcolm?
A typical home costs
$86,000, which is 74.6% less expensive than the national average of
$338,100 and 59.8% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Malcolm costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 4.4% cheaper than the state average of
$940.
Can I afford Malcolm?
To live comfortably in Malcolm (zip 36556), Alabama, a minimum annual income of
$16,560 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Malcolm?
The cost of living in 36556 Malcolm, AL is relatively affordable. The area has an overall cost of living index of about 86, which is 14 percent below the national average. Housing and healthcare costs are also well below the national average. Furthermore, groceries, transportation, and utilities are all comparable to or slightly lower than the national average. Therefore, it is possible to live comfortably in this area without breaking the bank.