Quick facts: Talladega, AL

Quick Facts

93
Cost of Living
below US average
14,674
Population
63.31
Crime Rate per 1000
above US average
$37,945
Median Income
below US average
$130,000
Median House Price
above US average
$1103.0
Average Rent
below US average
18%
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 $37,945.

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Income Needed to Buy

βœ— Stretch
$41k/year
Based on $130,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $41k vs median $37,945
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Income Needed to Rent

⚠ Stretch
$47k/year
Based on $1103.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $47k vs median $37,945
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Talladega, AL

Talladega, Alabama, is a city rich in history and southern charm, known for its vibrant community and scenic surroundings. Located in Talladega County, it boasts a population of around 15,000 residents. The city is perhaps best known for the Talladega Superspeedway, which hosts thrilling NASCAR events and draws racing enthusiasts from across the country. Established in the early 19th century, Talladega has a heritage that includes a prominent role in the civil rights movement, with several historical sites reflecting its past. The city offers a variety of recreational activities, including parks, fishing spots, and hiking trails that showcase Alabama's natural beauty. In addition to its motorsports attractions, Talladega features cultural amenities such as museums and local festivals that celebrate its southern roots. The close-knit community fosters a friendly atmosphere, making it an inviting place for visitors and residents alike. With a low cost of living and a relaxed pace, Talladega embodies the essence of small-town Alabama while being a hub for excitement and history.

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