Housing costs in Montgomery?
A typical home costs
$61,900, which is 81.7% less expensive than the national average of
$338,100 and 71.1% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Montgomery costs
$850 per month, which is 9.6% cheaper than the national average of
$940 and 15.3% cheaper than the state average of
$980.
Can I afford Montgomery?
To live comfortably in Montgomery (zip 36108), Alabama, a minimum annual income of
$11,880 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Montgomery?
The cost of living in 36108 Montgomery, AL is slightly higher than the average for the state of Alabama. The median home cost in Montgomery is around $113,000, which is slightly higher than the state's median of $99,000. Additionally, rental costs in Montgomery are just under $800 per month on average. Food and groceries cost about 10% more than the national average as well. Overall, life in Montgomery is affordable compared to many other parts of the country but may be a bit too expensive for some budgets.