Quick facts: Flomaton, AL

Quick Facts

93
Cost of Living
below US average
1,458
Population
41.15
Crime Rate per 1000
above US average
$37,500
Median Income
below US average
$158,500
Median House Price
above US average
$1372
Average Rent
below US average
15%
Poverty Rate
above 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 $37,500.

🏠

Income Needed to Buy

βœ— Stretch
$50k/year
Based on $158,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $50k vs median $37,500
🏒

Income Needed to Rent

⚠ Stretch
$59k/year
Based on $1372/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $59k vs median $37,500
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Flomaton, AL

Flomaton is a small town located in the southeastern corner of Alabama, straddling the border with Florida. It is part of Escambia County and is known for its friendly community atmosphere and southern charm. The town covers a modest area and is primarily residential, showcasing a mix of historic homes and newer developments. Flomaton’s economy is mainly supported by local businesses, agriculture, and a modest industrial presence. The town is equipped with essential amenities, including schools, parks, and small shops, making it a convenient place for residents. Outdoor enthusiasts can explore the nearby Escambia River, which offers opportunities for fishing, boating, and scenic outings. Culturally, Flomaton hosts local events and gatherings encouraging community involvement. The town carries a deep sense of heritage, with influences from traditional southern culture, making it a unique place to experience southern living. With its close-knit community, Flomaton exemplifies the charm of small-town life in Alabama.

πŸ” Search & Compare Places

First Location πŸ“