Housing costs in Bay Minette?
A typical home costs
$205,500, which is 39.2% less expensive than the national average of
$338,100 and 4.0% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Bay Minette costs
$940 per month, which is 0.0% cheaper than the national average of
$940 and 28.7% cheaper than the state average of
$1,210.
Can I afford Bay Minette?
To live comfortably in Bay Minette (zip 36507), Alabama, a minimum annual income of
$39,240 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Bay Minette?
The cost of living in 36507 Bay Minette, AL is relatively low compared to other parts of the country. According to BestPlaces, the overall cost of living index in this zip code is 86, which is 14 points lower than the national average. Housing costs are even lower, with an index score of 78, which is 22 points below the national average. This makes living in 36507 Bay Minette a very affordable option for those looking for a place to call home. The median household income in Bay Minette is also below the national average at around $37,000 per year. With a combination of affordable housing and modest incomes, 36507 Bay Minette offers residents a good balance between affordability and quality of life.