Housing costs in Birmingham?
A typical home costs
$298,000, which is 11.9% less expensive than the national average of
$338,100 and 39.3% more expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Birmingham costs
$910 per month, which is 3.2% cheaper than the national average of
$940 and 16.5% cheaper than the state average of
$1,060.
Can I afford Birmingham?
To live comfortably in Birmingham (zip 35203), Alabama, a minimum annual income of
$57,240 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about Birmingham?
The cost of living in 35203 Birmingham, AL is relatively low compared to other areas of the country. According to the United States Bureau of Economic Analysis, the average cost of living index for Birmingham is 94.6, which is 6.4 points lower than the national average of 101. Housing costs are particularly low in 35203 Birmingham; the median home value in this zip code is $97,000 as of September 2019, well below both the state and national averages. In addition to affordable housing prices, groceries and healthcare also tend to be cheaper than other parts of the country due to Alabama's generally lower cost of living. Overall, 35203 Birmingham offers a high quality of life at an affordable price compared to many other regions in the U.S.