Housing costs in Montgomery?
A typical home costs
$146,100, which is 56.8% less expensive than the national average of
$338,100 and 31.7% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Montgomery costs
$900 per month, which is 4.3% cheaper than the national average of
$940 and 8.9% cheaper than the state average of
$980.
Can I afford Montgomery?
To live comfortably in Montgomery (zip 36111), Alabama, a minimum annual income of
$28,080 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Montgomery?
The cost of living in 36111 Montgomery, AL is generally lower than the national average. The overall cost of living index is 93.3, which is below the national average of 100. Housing costs are especially low, with a median home price of around $119,000. On average, groceries and healthcare are also relatively low-cost compared to other parts of the country. Utilities typically cost residents around $140 per month. In addition to these low costs, there are many affordable restaurants and attractions throughout the city for residents to enjoy.