Quick facts: Bay minette, AL

Quick Facts

90.5
Cost of Living
below US average
8,277
Population
39.02
Crime Rate per 1000
above US average
$36,899
Median Income
below US average
$229,000
Median House Price
above US average
$1765.0
Average Rent
above US average
20%
Poverty Rate
above US average
3.5%
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 $36,899.

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Income Needed to Buy

βœ— Stretch
$72k/year
Based on $229,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $72k vs median $36,899
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Income Needed to Rent

⚠ Stretch
$76k/year
Based on $1765.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $76k vs median $36,899
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Bay minette, AL

Bay Minette is a charming city located in Baldwin County, Alabama, United States. Known for its picturesque Southern landscape, Bay Minette boasts a close-knit, friendly community and a rich history that dates back to the 1800s. The area is characterized by lush forests and proximity to the beautiful Gulf Coast, making it an ideal spot for nature lovers and outdoor enthusiasts. The city features a variety of parks and recreational areas, including the popular Bay Minette Sports Complex, which offers various sports facilities. The local economy is diverse, with agriculture, manufacturing, and retail playing significant roles. Additionally, Bay Minette serves as a gateway to enjoying the scenic beauty of Alabama's coastal region, with access to nearby beaches and vibrant communities. Bay Minette is known for hosting several community events throughout the year, fostering a strong sense of local culture and heritage. With its quaint downtown area and friendly atmosphere, Bay Minette presents a welcoming environment for residents and visitors alike, embodying the charm of small-town Alabama.

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