Housing costs in Pennington?
A typical home costs
$87,400, which is 74.1% less expensive than the national average of
$338,100 and 59.2% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Pennington costs
$660 per month, which is 53.8% cheaper than the national average of
$1,430 and 42.4% cheaper than the state average of
$940.
Can I afford Pennington?
To live comfortably in Pennington (zip 36916), Alabama, a minimum annual income of
$16,920 for a family, and
$20,000 for a single person is recommended.
What does A.I. say about Pennington?
The cost of living in 36916 Pennington, AL is relatively low as compared to many other areas throughout the United States. According to Best Places, the cost of living index for this area is 82.4, which is 18.6 lower than the national average, making it an affordable place to live. The median home value in 36916 Pennington is just over $81,000 which is around 25% lower than the rest of Alabama and nearly 45% less than the national average. Additionally, housing costs are low with the median rent coming in at $638 per month - approximately 8% less than that of Alabama and 10% less than the national median. This makes 36916 Pennington an ideal spot for those looking for a more affordable environment to call home.