Quick facts: Cuba, AL

Quick Facts

93
Cost of Living
below US average
289
Population
138.41
Crime Rate per 1000
above US average
$73,333
Median Income
below US average
$100,000
Median House Price
above US average
$1372
Average Rent
below US average
10%
Poverty Rate
below US average
5.2%
Unemployment Rate
above 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 $73,333.

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Income Needed to Buy

βœ“ Affordable
$31k/year
Based on $100,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($73,333) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$59k/year
Based on $1372/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($73,333) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Cuba, AL

Cuba is a small town located in rural Alabama, nestled in the Black Belt region. As of the 2020 Census, Cuba has a population of around 200 residents, reflecting its tight-knit community atmosphere. This quaint town is part of the Dallas County and is known for its picturesque landscapes, characterized by rolling hills, lush greenery, and a serene environment. Cuba is primarily residential, offering a peaceful lifestyle away from the hustle and bustle of larger cities. The community is marked by its Southern charm and friendly locals, making it an inviting place for visitors and new residents. The nearby Alabama wildlife management areas offer outdoor activities such as hunting, fishing, and hiking, attracting nature enthusiasts and those looking to enjoy the beautiful surroundings. The local economy is primarily based on agriculture and small businesses, contributing to the town's rustic charm. While Cuba may not have the extensive amenities of larger urban areas, its close-knit community, natural beauty, and historical significance make it a unique and tranquil place to live or visit.

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