Housing costs in Montgomery?
A typical home costs
$166,800, which is 50.7% less expensive than the national average of
$338,100 and 22.1% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Montgomery costs
$1,160 per month, which is 23.4% more than the national average of
$940 and 15.5% more than the state average of
$980.
Can I afford Montgomery?
To live comfortably in Montgomery (zip 36112), Alabama, a minimum annual income of
$32,040 for a family, and
$38,800 for a single person is recommended.
What does A.I. say about Montgomery?
The cost of living in 36112 Montgomery, AL is relatively low compared to other parts of the country. According to BestPlaces, the overall cost of living index for Montgomery is only 87.45, which is 12.55 below the national average. This means that typical expenses such as groceries, transportation, healthcare and utilities are all much lower than they would be in other cities throughout the US. Housing prices also tend to be quite affordable with the median home value being just under $100,000 USD. Overall, this makes Montgomery an excellent choice for those looking for a more affordable place to live and work.