Housing costs in Montgomery?
A typical home costs
$76,800, which is 77.3% less expensive than the national average of
$338,100 and 64.1% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Montgomery costs
$800 per month, which is 14.9% cheaper than the national average of
$940 and 22.5% cheaper than the state average of
$980.
Can I afford Montgomery?
To live comfortably in Montgomery (zip 36104), Alabama, a minimum annual income of
$14,760 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Montgomery?
The cost of living in 36104 Montgomery, AL is relatively low compared to other parts of the country. The median home price is around $89,400, which is well below the national average. The median household income for the area is a little over $40,000 and the overall cost of living index is approximately 88.7, which shows that goods and services are cheaper in Montgomery than in many other cities. Overall, living in 36104 Montgomery, AL is fairly affordable and can be a great option for those looking for an affordable place to live.