Housing costs in Montgomery?
A typical home costs
$123,000, which is 63.6% less expensive than the national average of
$338,100 and 42.5% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Montgomery costs
$1,000 per month, which is 6.4% more than the national average of
$940 and 2.0% more than the state average of
$980.
Can I afford Montgomery?
To live comfortably in Montgomery (zip 36116), Alabama, a minimum annual income of
$23,400 for a family, and
$33,600 for a single person is recommended.
What does A.I. say about Montgomery?
The cost of living in 36116 Montgomery, AL is relatively low compared to other areas. The median home value is $124,500 and the median rent is $717, which are both lower than the national averages. Additionally, the cost of food is 4% lower than the average while healthcare costs are 1% lower. Overall, 36116 Montgomery provides an affordable place to live with a reasonable cost of living.