Housing costs in Cherokee?
A typical home costs
$114,100, which is 66.3% less expensive than the national average of
$338,100 and 46.7% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Cherokee costs
$830 per month, which is 11.7% cheaper than the national average of
$940 and 2.4% more than the state average of
$810.
Can I afford Cherokee?
To live comfortably in Cherokee (zip 35616), Alabama, a minimum annual income of
$21,960 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Cherokee?
The cost of living in 35616 Cherokee, AL is relatively low compared to other areas. The median home value in the area is around $73,100, and the median rent price is around $680 per month. Property taxes are also lower than average with an effective rate of 0.38%. Overall, the cost of living in this area is quite affordable, making it a great place for families and individuals looking to save on their living expenses.