Housing costs in Montgomery?
A typical home costs
$73,500, which is 78.3% less expensive than the national average of
$338,100 and 65.7% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Montgomery costs
$940 per month, which is 0.0% cheaper than the national average of
$940 and 4.3% cheaper than the state average of
$980.
Can I afford Montgomery?
To live comfortably in Montgomery (zip 36105), Alabama, a minimum annual income of
$14,040 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Montgomery?
The cost of living in 36105 Montgomery, AL is quite affordable. The median home price in this area is $110,000, which is significantly lower than the state average of $176,000. In addition, the monthly rent for a two-bedroom apartment averages around $800, while groceries are reasonably priced as well. It is also important to note that the overall tax burden in this area is lower than both the state and national averages. All this combines to make 36105 Montgomery an affordable place to live with plenty of available amenities and options.