Quick facts: Auburn, AL

Quick Facts

95.0
Cost of Living
below US average
80,006
Population
20.45
Crime Rate per 1000
below US average
$55,509
Median Income
below US average
$479,900
Median House Price
above US average
$1884.73
Average Rent
above US average
10%
Poverty Rate
below US average
3.0%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $55,509.

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Income Needed to Buy

βœ— Stretch
$151k/year
Based on $479,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $151k vs median $55,509
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Income Needed to Rent

⚠ Stretch
$81k/year
Based on $1884.73/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $81k vs median $55,509
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Auburn, AL

Auburn, Alabama, is a vibrant city located in the eastern part of the state, known for its rich history, picturesque landscapes, and a strong sense of community. Auburn is home to Auburn University, one of the largest universities in the Southeast, which significantly shapes the city's culture and economy. The university attracts students, faculty, and visitors, contributing to a lively atmosphere filled with events, educational opportunities, and sports, particularly college football. The city's downtown area boasts charming shops, restaurants, and cafes, offering a mix of local and national flavors. Outdoor enthusiasts can enjoy nearby parks and recreational areas, including Chewacla State Park, where swimming, hiking, and picnicking are popular activities. Auburn also hosts various festivals and cultural events throughout the year, fostering a strong community spirit. With a mild climate, friendly residents, and a blend of urban and suburban living, Auburn appeals to both families and young professionals. The local economy is supported by education, healthcare, and manufacturing sectors, making it a dynamic place to live, work, and study. Overall, Auburn, AL, is a welcoming city with a vibrant atmosphere and a rich cultural heritage.

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