Housing costs in Montgomery?
A typical home costs
$62,500, which is 81.5% less expensive than the national average of
$338,100 and 70.8% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Montgomery costs
$880 per month, which is 6.4% cheaper than the national average of
$940 and 11.4% cheaper than the state average of
$980.
Can I afford Montgomery?
To live comfortably in Montgomery (zip 36107), Alabama, a minimum annual income of
$11,880 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Montgomery?
The cost of living in 36107 Montgomery, AL is relatively low. According to Sperling's Best Places, the overall cost of living index is 82.6, which is 18.4 points lower than the US average. Additionally, the average cost of housing here is 3% lower than the US average at $800 a month for rent or a mortgage payment. Groceries and utilities are also very affordable with an 8% lower rate than the national average in those categories. In addition to these savings, there are plenty of entertainment and cultural activities available in this great city for residents to enjoy without having to break the bank.