8 mid-sized cities where a $3,000 pension goes twice as far

8 mid-sized cities where a $3,000 pension goes twice as far 3. Huntsville, Alabama - Rocket City with Rock-Bottom Costs ©Wikimedia Tucked away in the hills of northern Alabama, Huntsville is a frequent flyer on affordability lists for its competitive housing costs and high quality of life, ranking number two for value overall. There's something quietly remarkable about a city that houses NASA engineers and retirees under the same very affordable roof. It's an unusual and energizing mix. Alabama has a cost of living index of 87.9, the third-lowest in the country, with the second-lowest housing costs across all states and the average single-family house selling for just $170,184. For someone drawing $3,000 a month, that means housing costs that barely register compared to what they'd pay in a coastal city. Alabama also has especially attractive tax policies, including no income taxes on retirement income from government pensions or 401(k) plans. Reference: www.ms...
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Huntsville Apartment Oversupply | Are there too many apartments in Huntsville? New report looks at the boom

Are there too many apartments in Huntsville? New report looks at the boom

Huntsville’s apartment boom has led to an oversupply of units in the fast-growing metro area, according to a recent report. We got ahead of ourselves. ...“Huntsville is currently overbuilt with apartments, and until that excess supply is absorbed, we’re going to see a slowdown in new multifamily construction,” Realtor Matt Curtis added. “We’re seeing the effects of oversupply — one to two months of free rent incentives, declining rents, and higher vacancy rates. That’s not a climate where developers are eager to build. ...“Occupancies are down, values are down, expenses are up,” Wilson said”

Reference: www.al.com

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