Housing costs in Montevallo?
A typical home costs
$208,900, which is 38.2% less expensive than the national average of
$338,100 and 2.4% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Montevallo costs
$880 per month, which is 6.4% cheaper than the national average of
$940 and 20.5% cheaper than the state average of
$1,060.
Can I afford Montevallo?
To live comfortably in Montevallo (zip 35115), Alabama, a minimum annual income of
$39,960 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Montevallo?
The cost of living in 35115 Montevallo, AL is relatively low compared to the national average. According to the Council for Community and Economic Research (C2ER), the cost of living index in Montevallo is 93.9, which is 6.1% lower than the national average of 100. This means that housing costs, groceries, utilities, transportation and health care are all more affordable than they would be in other parts of the country. The median household income in Montevallo stands at just over $37,000 a year as of 2017, meaning that many families can enjoy a comfortable lifestyle while still having money left over for leisure activities or savings.