
Housing costs in New Market?
A typical home costs
$240,100, which is 29.0% less expensive than the national average of
$338,100 and 12.2% more expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in New Market costs
$1,060 per month, which is 12.8% more than the national average of
$940 and 2.8% more than the state average of
$1,030.
Can I afford New Market?
To live comfortably in New Market (zip 35761), Alabama, a minimum annual income of
$46,080 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about New Market?
The cost of living in 35761 New Market, AL is quite affordable. The median home value is $153,800, which is much lower compared to the U.S. average of $184,700, and the median rent price for a two-bedroom apartment is just $735. Moreover, the area’s general cost of goods and services is around 12% less than the national average. With an income tax rate of 5%, residents can enjoy a more relaxed budget without having to worry too much about their expenses.