Housing costs in Montgomery?
A typical home costs
$145,100, which is 57.1% less expensive than the national average of
$338,100 and 32.2% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Montgomery costs
$1,050 per month, which is 11.7% more than the national average of
$940 and 6.7% more than the state average of
$980.
Can I afford Montgomery?
To live comfortably in Montgomery (zip 36109), Alabama, a minimum annual income of
$27,720 for a family, and
$35,200 for a single person is recommended.
What does A.I. say about Montgomery?
The cost of living in 36109 Montgomery, AL is very reasonable. According to BestPlaces, the cost of living index is 90.6, which indicates that living costs are lower than the national average. Housing costs in particular are quite affordable compared to other cities, with a median home price of only $106,800. Additionally, the unemployment rate in this area is lower than many other parts of the country at only 3.7%. All these factors make 36109 Montgomery a great place to live and work with a relatively low cost of living.