Housing costs in Mobile?
A typical home costs
$251,700, which is 25.6% less expensive than the national average of
$338,100 and 17.6% more expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Mobile costs
$780 per month, which is 17.0% cheaper than the national average of
$940 and 25.6% cheaper than the state average of
$980.
Can I afford Mobile?
To live comfortably in Mobile (zip 36602), Alabama, a minimum annual income of
$48,240 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Mobile?
36602 Mobile, AL is a great place to live due to its low cost of living. The city has an overall cost of living index score of 85.3, which is slightly lower than the national average of 86.7. The transportation costs in 36602 are exceptionally low compared to other cities, with the average monthly cost for public transit being only $33. Utility costs are also low in 36602, with electricity costing an average of 8 cents per kWh and natural gas costing an average of $2.50 per therm. In addition, housing costs tend to be quite reasonable when compared to other cities across the country, with the median home value being $104,400 and the median rental rate being $814 per month. All these factors make 36602 a great place to call home on a budget.