Housing costs in Pelham?
A typical home costs
$298,200, which is 11.8% 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 Pelham costs
$1,270 per month, which is 35.1% more than the national average of
$940 and 16.5% more than the state average of
$1,060.
Can I afford Pelham?
To live comfortably in Pelham (zip 35124), Alabama, a minimum annual income of
$57,240 for a family, and
$44,800 for a single person is recommended.
What does A.I. say about Pelham?
The cost of living in 35124 Pelham, AL is generally very affordable. The median home price in the area is approximately $215,000, which is lower than the national median home price. The cost of groceries and health care are also quite reasonable, with an overall cost of living index that is well below the U.S. average. Additionally, Tennessee's state income tax rates are among the lowest in the country, making it a great choice for those looking to stretch their dollar further.