Quick facts: Bessemer, AL

Quick Facts

93
Cost of Living
below US average
25,264
Population
133.31
Crime Rate per 1000
above US average
$34,953
Median Income
below US average
$84,800
Median House Price
above US average
$1138.06
Average Rent
below US average
26%
Poverty Rate
above US average
4.0%
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 $34,953.

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Income Needed to Buy

βœ“ Affordable
$27k/year
Based on $84,800 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($34,953) exceeds requirement
🏒

Income Needed to Rent

⚠ Stretch
$49k/year
Based on $1138.06/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $49k vs median $34,953
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Bessemer, AL

Bessemer, Alabama, is a city located in Jefferson County, approximately 20 miles southwest of Birmingham. Known for its rich history in the steel industry, Bessemer played a significant role in the industrial growth of the region during the late 19th and early 20th centuries. The city's landscape is a mix of historic architecture, such as the Bessemer Hall of History and the Southern Railway Depot, alongside modern facilities. Bessemer features several parks, offering recreational activities and nature trails, with the most notable being the Bessemer Park and the nearby Tannehill State Park, perfect for hiking and outdoor enthusiasts. The community celebrates various events, including the annual Bessemer Christmas parade. The city also hosts educational institutions ranging from primary schools to the Bessemer campus of Jefferson State Community College. With a diverse population, Bessemer is known for its southern hospitality, strong sense of community, and a growing economy that extends beyond its steel heritage into retail and education. The city's blend of history, culture, and community spirit makes it a charming place to live and visit.

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