Housing costs in New Albany?
A typical home costs
$153,700, which is 54.5% less expensive than the national average of
$338,100 and 1.0% less expensive than the average Mississippi home, at
$155,300. Renting a two-bedroom unit in New Albany costs
$750 per month, which is 47.6% cheaper than the national average of
$1,430 and 18.7% cheaper than the state average of
$890.
Can I afford New Albany?
To live comfortably in New Albany (zip 38652), Mississippi, a minimum annual income of
$29,520 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about New Albany?
The cost of living in 38652 New Albany, MS is relatively low compared to other areas in the United States. According to BestPlaces, the cost of living index in this area is approximately 84.6, which is 16.4% lower than the national average. The median home value here is $73,400 and monthly housing costs are estimated to be around $550 per month. Utilities such as electricity, gas and water have an average cost of around $220 per month. Groceries can also be purchased at an affordable rate with a total average of $338 per month for food and supplies. All these factors make New Albany a great place for those who are looking for a place to live that is both affordable and comfortable.