Housing costs in Tuscaloosa?
A typical home costs
$139,700, which is 58.7% less expensive than the national average of
$338,100 and 34.7% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Tuscaloosa costs
$940 per month, which is 0.0% cheaper than the national average of
$940 and 5.3% cheaper than the state average of
$990.
Can I afford Tuscaloosa?
To live comfortably in Tuscaloosa (zip 35401), Alabama, a minimum annual income of
$26,640 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Tuscaloosa?
The cost of living in 35401 Tuscaloosa, AL is quite reasonable. The overall cost of living index here is 87.6, which is 12.4% lower than the average U.S. city’s index of 100. The median household income here is $45,385, and the median home value is $147,700. Renters can expect to pay an average of $780 per month for a one-bedroom apartment, while homeowners can expect to pay an average of $1,065 per month in mortgage payments on a mid-level home. Property taxes are also affordable in Tuscaloosa with the millage rate at 15 mils for every $1000 property value per year. In general, Tuscaloosa offers a great quality of life at an affordable price point that rivals many other U.S. cities.