Quick facts: Tuscaloosa, AL

Quick Facts

93
Cost of Living
below US average
110,602
Population
44.57
Crime Rate per 1000
above US average
$47,257
Median Income
below US average
$429,000
Median House Price
above US average
$1755.16
Average Rent
above US average
21%
Poverty Rate
above US average
3.5%
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 $47,257.

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Income Needed to Buy

βœ— Stretch
$135k/year
Based on $429,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $135k vs median $47,257
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Income Needed to Rent

⚠ Stretch
$75k/year
Based on $1755.16/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $75k vs median $47,257
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Tuscaloosa, AL

Tuscaloosa, Alabama, located in West-Central Alabama, is best known as the home of the University of Alabama, which significantly influences the city's culture and economy. The city sits along the Black Warrior River, offering picturesque views and recreational opportunities. Tuscaloosa combines rich history with modern development; historical sites like the Tuscaloosa Museum and Historic Preservation Society reflect its past, while vibrant shopping areas and dining options cater to contemporary tastes. The city has a diverse population, contributing to a lively community atmosphere, particularly during the college football season when the Alabama Crimson Tide takes center stage. Tuscaloosa boasts several parks, including the scenic Riverwalk, and is also close to natural attractions such as the Sipsey Wilderness and Lake Tuscaloosa. Tuscaloosa's economy is bolstered by education, healthcare, and manufacturing industries, making it a dynamic place to live and work. With a blend of Southern charm, academic energy, and a commitment to progress, Tuscaloosa is a noteworthy example of growth and community spirit in Alabama.

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