Housing costs in Oakman?
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 Oakman costs
$940 per month, which is 34.3% cheaper than the national average of
$1,430 and close to the state average of
$940.
Can I afford Oakman?
To live comfortably in Oakman, Alabama, a minimum annual income of
$26,640 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Oakman?
Oakman, AL is known for its affordable cost of living. The cost of living index for Oakman is 81.1, which is 19.9% lower than the US average. This means that the average household in Oakman will have more purchasing power with their income than most other cities in America. Rent and housing prices are very reasonable, with the median home value sitting between $90,000 and $97,000 depending on the size of the home and location. Most utilities are also affordably priced compared to other cities in Alabama and across the country. Overall, life in Oakman can be enjoyed at an excellent price point for those who call this small town home.