Housing costs in Mount Olive?
A typical home costs
$221,100, which is 34.6% less expensive than the national average of
$338,100 and 3.3% more expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Mount Olive costs
$940 per month, which is 0.0% cheaper than the national average of
$940 and 12.8% cheaper than the state average of
$1,060.
Can I afford Mount Olive?
To live comfortably in Mount Olive (zip 35117), Alabama, a minimum annual income of
$42,480 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Mount Olive?
The cost of living in 35117 Mount Olive, AL is relatively low compared to other areas in Alabama and the United States. The median home price in the area is approximately $175,000, which is much lower than the national median of $219,700. Additionally, grocery prices are generally at or below the national average, while utilities are typically slightly higher than average. In addition to these basic expenses, there are no major taxes or fees that Mount Olive residents must pay. All of this combines to make it an affordable place to live for those looking for a more rural and relaxed lifestyle than other nearby cities.