Quick facts: Red level, AL

Quick Facts

93
Cost of Living
below US average
432
Population
2.31
Crime Rate per 1000
below US average
$41,875
Median Income
below US average
$125,000
Median House Price
above US average
$605.0
Average Rent
below US average
15%
Poverty Rate
above US average
4.2%
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 $41,875.

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Income Needed to Buy

βœ“ Affordable
$39k/year
Based on $125,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($41,875) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$26k/year
Based on $605.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($41,875) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Red level, AL

Red Level is a small town located in Covington County, Alabama. It has a charming rural atmosphere with a close-knit community, making it an ideal place for those looking to escape the hustle and bustle of city life. With a population of just over 1,000 residents, Red Level offers a peaceful environment surrounded by the natural beauty of Alabama's countryside. The town's economy is primarily based on agriculture, with many local farms producing various crops. Outdoor enthusiasts can enjoy activities like hiking, fishing, and hunting in the surrounding areas. Red Level is also known for its friendly locals and community events that bring residents together throughout the year. Situated approximately 60 miles from Montgomery, Alabama's capital, Red Level provides a convenient location for those who may want to access larger city amenities while still enjoying a small-town lifestyle. The town is served by several local schools, making it a suitable place for families. Overall, Red Level is an inviting community that embodies the charm and simplicity of rural Alabama living.

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