Housing costs in Anderson?
A typical home costs
$202,800, which is 40.0% less expensive than the national average of
$338,100 and 5.2% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Anderson costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 10.6% cheaper than the state average of
$940.
Can I afford Anderson?
To live comfortably in Anderson, Alabama, a minimum annual income of
$38,880 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Anderson?
Anderson, AL has an overall cost of living that is 82.6, which is lower than the national average of 100. The median value of homes in Anderson is $202,800 which is much lower than the US average house value of $338,100. This makes Anderson a great place to live for those who want to enjoy a lower cost of living while still having access to all the amenities available in a larger city. In addition to being affordable, Anderson also offers its residents plenty of recreational activities and beautiful scenery. With its location near mountains and rivers, there are countless possibilities for outdoor adventures as well.