Housing costs in Rainbow City?
A typical home costs
$218,900, which is 35.3% less expensive than the national average of
$338,100 and 2.3% more expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Rainbow City costs
$900 per month, which is 4.3% cheaper than the national average of
$940 and 14.4% more than the state average of
$770.
Can I afford Rainbow City?
To live comfortably in Rainbow City (zip 35906), Alabama, a minimum annual income of
$42,120 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Rainbow City?
The cost of living in 35906 Rainbow City, AL is slightly below the national average. The median home cost in this zip code is around $170,500 and the median value for all homes is $134,900. Housing costs are likely to remain relatively affordable even though they have increased by 8.7% over the past year. Additionally, the cost of groceries, health care, and utilities in this area are also below the national average. This makes Rainbow City a great option for those looking to live comfortably on a budget.