Housing costs in Montgomery?
A typical home costs
$65,500, which is 80.6% less expensive than the national average of
$338,100 and 69.4% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Montgomery costs
$890 per month, which is 5.3% cheaper than the national average of
$940 and 10.1% cheaper than the state average of
$980.
Can I afford Montgomery?
To live comfortably in Montgomery (zip 36110), Alabama, a minimum annual income of
$12,600 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Montgomery?
The cost of living in 36110 Montgomery, AL is slightly above the national average. According to data from BestPlaces, the overall cost of living index for this zip code is nearly 3 points higher than the national average. Housing is the most significant contributor to this difference, with median home prices at nearly $150,000 and rental prices an average of $800 per month. The remaining categories are all within one point of the national average, with healthcare costs being a slight 1.3% lower than the national average. All in all, it is possible to live comfortably in 36110 Montgomery, AL at an above-average cost that may be more affordable than larger cities.