Housing costs in Myrtlewood?
A typical home costs
$69,000, which is 79.6% less expensive than the national average of
$338,100 and 67.8% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Myrtlewood costs
$680 per month, which is 52.4% cheaper than the national average of
$1,430 and 38.2% cheaper than the state average of
$940.
Can I afford Myrtlewood?
To live comfortably in Myrtlewood (zip 36763), Alabama, a minimum annual income of
$13,320 for a family, and
$24,000 for a single person is recommended.
What does A.I. say about Myrtlewood?
The cost of living in 36763 Myrtlewood, AL is relatively low compared to other areas in the state. The median home value is just over $102,000, and the median household income is around $58,000. This means that residents can enjoy a comfortable lifestyle without breaking the bank. The unemployment rate in Myrtlewood is also quite low at 4.1%, providing ample opportunity for job seekers to find work in the area. Additionally, there are plenty of amenities nearby such as restaurants, shops, and parks that make living there enjoyable. All of these factors make Myrtlewood an ideal place to live for those looking for a lower cost of living.