Housing costs in Red Bay?
A typical home costs
$130,200, which is 61.5% less expensive than the national average of
$338,100 and 39.2% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Red Bay costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 9.3% cheaper than the state average of
$940.
Can I afford Red Bay?
To live comfortably in Red Bay (zip 35582), Alabama, a minimum annual income of
$24,840 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Red Bay?
The cost of living in 35582 Red Bay, AL is quite reasonable. The city has a low cost of living index score of 84.6, which is below the national average. This means that basic goods and services are generally cheaper than most places in the United States. Housing costs are especially low, with an average monthly rent for a two bedroom apartment coming in at just over $674. Additionally, residents can benefit from lower taxes since Alabama does not have a state income tax or sales tax. All this makes 35582 Red Bay a great place to live for people looking for an affordable and comfortable lifestyle.