Zip 35761 (New Market, AL) Cost of Living


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How much do I need to live in New Market, Alabama?
$3,840 / month
for a family, 28.9% less expensive than the national average A total of $46,080 for the year for a family.
$3,000 / month
for a single person, 37.1% less expensive than the national average A total of $36,000 for the year for a single person.

New Market cost of living score
94.2
Less expensive
5.8% lower
than the US average
12.0% higher
than the Alabama average
New Market (zip 35761), Alabama gets a BestPlaces Cost of Living score of 94.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 5.8% lower than the U.S. average and 12.0% lower than the average for Alabama.

Zip 35761 (New Market, AL)

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.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesNew MarketAlabamaUnited States
    Unlock84.1100.0
  95.6  Unlock100.0
    Unlock118.9100.0
  77.8  Unlock100.0
    Unlock$214,000$338,100
  95.4  Unlock100.0
    Unlock85.9100.0
  85.9  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime

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