Housing costs in Peterman?
A typical home costs
$98,500, which is 70.9% less expensive than the national average of
$338,100 and 54.0% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Peterman costs
$710 per month, which is 50.3% cheaper than the national average of
$1,430 and 32.4% cheaper than the state average of
$940.
Can I afford Peterman?
To live comfortably in Peterman (zip 36471), Alabama, a minimum annual income of
$18,720 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Peterman?
The cost of living in 36471 Peterman, AL is relatively inexpensive. The area has a low median home value of $90,600, according to the most recent census data. Also, the area has below average property taxes and utility costs in comparison to other areas in Alabama. Prices for goods and services tend to be lower than the US average as well. The overall cost of living index for this area is 84, compared to 107 for the rest of the United States. All of these factors make it an ideal place for those looking for a lower cost of living without compromising on quality amenities or services.