Quick facts: Phenix city, AL

Quick Facts

93
Cost of Living
below US average
38,267
Population
40.79
Crime Rate per 1000
above US average
$46,944
Median Income
below US average
$147,000
Median House Price
above US average
$1317.35
Average Rent
below US average
14%
Poverty Rate
above US average
3.3%
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 $46,944.

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Income Needed to Buy

βœ“ Affordable
$46k/year
Based on $147,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($46,944) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$56k/year
Based on $1317.35/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $56k vs median $46,944
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Phenix city, AL

Phenix City is a vibrant city located in Russell County, Alabama, adjacent to the Chattahoochee River and directly across from Columbus, Georgia. Known for its Southern charm and rich history, Phenix City offers a blend of small-town atmosphere with access to urban amenities. The city is home to various parks and recreational areas, including the scenic Riverwalk, which provides picturesque views and opportunities for outdoor activities like walking, jogging, and fishing. The historic Phenix City Auditorium and the innovative Riverfront Park are popular spots for community events and gatherings. Phenix City has a diverse economy with key sectors including healthcare, education, and manufacturing. The presence of Chattahoochee Valley Community College contributes to the local educational landscape, providing residents with opportunities for workforce development and higher education. Additionally, the city has seen growth in its dining and shopping scenes, making it an appealing place for both residents and visitors. With its rich cultural heritage and commitment to community development, Phenix City is a unique destination in the Heart of Dixie.

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