Quick facts: Thomasville, AL

Quick Facts

93
Cost of Living
below US average
3,551
Population
51.53
Crime Rate per 1000
above US average
$45,429
Median Income
below US average
$215,000
Median House Price
above US average
$1500.0
Average Rent
above US average
18%
Poverty Rate
above US average
4.5%
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 $45,429.

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Income Needed to Buy

βœ— Stretch
$67k/year
Based on $215,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $67k vs median $45,429
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Income Needed to Rent

⚠ Stretch
$64k/year
Based on $1500.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $64k vs median $45,429
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Thomasville, AL

Thomasville, located in Alabama, is a small city known for its rich history and southern charm. As part of Clarke County, it serves as a hub for surrounding rural communities. With a population of approximately 4,500 residents, Thomasville offers a close-knit community feel combined with a hospitable atmosphere. Founded in the 1820s, Thomasville showcases a number of historical sites and architecture, reflecting its deep-rooted past. The city is known for its annual events, including the Thomasville Christmas Parade, which attracts visitors from the surrounding areas. The local economy is diverse, with agriculture, manufacturing, and retail playing significant roles. Outdoor enthusiasts can enjoy activities at nearby parks and recreational areas, and the city often celebrates its natural beauty through community events like festivals and farmers' markets. In terms of amenities, residents have access to essential services, schools, and healthcare facilities, making it a comfortable place for families. Overall, Thomasville, AL, blends history, community spirit, and natural beauty, making it a unique location in the heart of Alabama.

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