Housing costs in Panola?
A typical home costs
$107,800, which is 68.1% less expensive than the national average of
$338,100 and 49.6% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Panola costs
$870 per month, which is 39.2% cheaper than the national average of
$1,430 and 8.0% cheaper than the state average of
$940.
Can I afford Panola?
To live comfortably in Panola (zip 35477), Alabama, a minimum annual income of
$20,520 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Panola?
The cost of living in 35477 Panola, AL is generally considered to be quite affordable. The median home price in the area is around $95,000, which is significantly lower than the national average of $200,000. Taxes are also lower than most states and residents can expect to pay an average of 4.9% for property taxes and 3.3% for sales taxes on goods and services. The overall cost of living index score for this area is 87, which is 13 points lower than the national average of 100. This makes it a great option for those looking for an affordable place to live with plenty of amenities nearby.