I'll stick it out long as I can in this small town of less than 30K folks and in this little 2bdrm 1bath Blue Bottle Cottage built in 1945 and located in the quiet old part of town.
Say what you will about Alabama and most will if given the chance but cost of living here is low and real estate prices are still better here than tons of places elsewhere. And Southern folks are friendly and helpful when needed.
My mortgage payment ... $286.24 a month
Home owners insurance with State Farm ... $1200 a year
Insurance on two(2) vehicles combined ... $484.77 every 6mos.
Property tax because of homestead exemption and over 65 ... $0.00
^^^ yep, you read those numbers correctly.
Furthermore:
City Water, Sewer, Garbage ... $72.62 a month
Alabama Power ... $96 a month
Brightspeed 1 GB Fiber ... $59 a month
Cell phone which I mostly use on Wi-Fi so only have a 1 GB plan ... $27.74 a month
Looking at those numbers, I think the only cheaper alternative living would be ... homeless and use of tin cans and string.
But to stay on topic and as mentioned, home owners insurance right now in this house is $1200 a year. When I first bought this house in 2006, home owners insurance was just less than $700. It's gone up just over $500 a year total, in 19yrs. Been with State Farm the whole time.
