Whether you’re looking for a buzzy downtown vibe, a cool college town, or an historic waterfront city, you should be able to find your fit in Alabama. There are plenty of educational, cultural, and just plain fun attractions to enjoy.

According to the MERIC Index, which ranks the cost of living by state, Alabama has a 12.2% lower cost of living than the U.S. average. That makes it more affordable than most Southern states (with the exception of Mississippi).

Wondering where you can get the most of what Alabama has to offer at a manageable cost? Read on for our roundup of some of the best places to live in Alabama.

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1. Mobile

• Population: 183,289
• Median Household Income: $44,780
• Cost of Living: 84.3% of the U.S. average
• Median Rent Price: $1,325
• Home Price-to-Income Ratio: 4.09
• Average Property Tax: 0.5%

If you’re searching for a city that truly looks and feels “Southern,” Mobile is a place to check out. History buffs, outdoor enthusiasts, theater fans, and more will find plenty to do in Mobile. And yet, despite all the city has to offer, the cost of living is low and homes are relatively inexpensive.

Housing Affordability: Homes are selling quickly in Mobile, and prices are up slightly year-over-year. The city’s home price-to-income ratio, currently sitting at 4.09, is higher than what is considered healthy (2.6 or below), which means home prices may be outpacing wages. However, the average home in Mobile is still affordable compared to many other cities in Alabama and the U.S. And rent prices are 37% lower than the national median.

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2. Birmingham

• Population: 196,910
• Median Household Income: $39,403
• Cost of Living: 91.9% of the U.S. average
• Median Rent Price: $1,150
• Home Price-to-Income Ratio: 4.27
• Average Property Tax: 0.58%

Birmingham is a popular destination for its history, but you might choose to live in this dynamic city if you’re into the arts, sports, or if you love festivals. The city has a wide range of home prices, and affordable homes are available. Plus the overall cost of living in Birmingham is low enough that you might be able to put more toward a house payment than you would in some other areas.

Housing Affordability: Home prices have gone down a bit, year-over-year, in Birmingham, and sales remain brisk. The average Birmingham home value is $104,605, but the neighborhood you choose could have a significant impact on what you’ll pay. If you’d prefer to lease your home, know that overall, Birmingham’s rental market is cooling, and the city’s affordable rent prices are about the same as they were a year ago.

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3. Montgomery

• Population: 196,986
• Median Household Income: $49,989
• Cost of Living: 87.3% of the U.S. average
• Median Rent Price: $1,150
• Home Price-to-Income Ratio: 1.84
• Average Property Tax: 0.36%

Montgomery is yet another Alabama city steeped in history. You’ll also find a lovely and lively waterfront entertainment district that offers something for just about anyone. And the city is just a car ride away from the beach, and Atlanta, and any other hotspots you want to visit. Plus the cost of living in Montgomery is much lower than the national average, so homebuyers won’t have to struggle to find a place they can afford.

Housing Affordability: Like most areas in the U.S., home prices in Montgomery have gone up substantially in recent years, and they’re still rising. But the city’s home price-to-income ratio is a healthy 1.84, which means even frugal homebuyers should be able to find something in their target range. The rental market remains warm, but most rents are still affordable compared to other areas of Alabama and the U.S.

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4. Athens

• Population: 28,661
• Median Household Income: $52,211
• Cost of Living: 86% of U.S. average
• Median Rent Price: $1,700
• Home Price-to-Income Ratio: 5.62
• Average Property Tax: 0.31%

Looking for a place that’s a little smaller and quieter, but still reasonably priced? Athens is a suburb with a convenient mall, and pretty parks, and it’s close to the bigger-city amenities in Huntsville and Decatur. Parents will also appreciate the area’s well-rated schools. The city’s rental and home prices are affordable, too.

Housing Affordability: You can score a bargain in Athens, whether you’re renting or buying, but you’ll have some competition. Though rent prices are down overall, the rental market remains warm. Home prices are also down, but houses are moving quickly.

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5. Huntsville

• Population: 221,933
• Median Household Income: $60,959
• Cost of Living: 91.5% of U.S. average
• Median Rent Price: $1,500
• Home Price-to-Income Ratio: 1.26
• Average Property Tax: 0.43%

Huntsville is often referred to as the “Space Capital of America.” A large number of residents still work for NASA — and the city is a bustling research and technology hub. But there’s more to Huntsville than space: There’s plenty to do if you’re into the arts, history, shopping, or dining out. And the cost of living in Huntsville isn’t out of this world.

Housing Affordability: Home prices are up year-over-year in Huntsville, but the area’s low home price-to-income ratio indicates that most buyers still can find something in their target range. If you’re a renter, you’re in luck: Prices are dropping and the rental market is cooling.

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Best Places to Live in Alabama for Families

Looking for a family-friendly place to live? You’ll find it in one of these cities, along with good schools, abundant recreation opportunities, and affordable housing costs.

1. Madison

• Population: 59,785
• Median Household Income: $105,335
• Median Rent Price: $1,770
• Home Price-to-Income Ratio: 3.58
• Average Property Tax: 0.43%

Madison is a growing Huntsville suburb that’s known for its family focus. You can hang out in town, enjoy the great outdoors, or take a short trip to the city for more fun. The cost of living in Madison is higher than the overall cost of living in Alabama, but it’s lower than the national average.

Housing Affordability: Home prices in Madison may be higher than what you’ll find for the state in general, but the median cost is still lower than the median price in the U.S. And the median rental price ($1,770) is nearly $100 lower than it was last year.

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2. Meadowbrook

• Population: 9,688
• Median Household Income: $128,125
• Median Rent Price: $2,600
• Home Price-to-Income Ratio: 3.42
• Average Property Tax: 0.47%

If you’re looking for a home in the ‘burbs of Birmingham, Meadowbrook could be for you. Home costs may be higher than in many parts of Alabama, but a reasonable commute will make this spot attractive. Families also find the good schools here appealing.

Housing Affordability: Home prices in Meadowbrook can be high compared to other areas of the state, and rentals are also a bit pricier. Newbie buyers can check out first-time homebuyer programs in Alabama to see what kind of help might be available.

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3. Homewood

• Population: 27,864
• Median Household Income: $89,433
• Median Rent Price: $1,871
• Home Price-to-Income Ratio: 5.49
• Average Property Tax: 0.58%

Homewood is another family-friendly Birmingham suburb. It has tree-lined streets, parks, and historic downtown. It’s also the home of Samford University. The median household income in Homewood is higher than in most other parts of the state, and so are home prices. But some neighborhoods are less expensive than others, and there are some bargains to be had.

Housing Affordability: Finding an affordable home in Homewood may be challenging right now. At 5.49, the home price-to-income ratio is way above the healthy range, and home prices are still rising. Rental prices have dropped year-over-year, but the rental market is still warm.

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4. Helena

• Population: 21,862
• Median Household Income: $96,173
• Median Rent Price: $1,850
• Home Price-to-Income Ratio: 3.62
• Average Property Tax: 0.47%-0.58%

Helena has a rural, small-town feel. Whether you’re a hiker, a history buff, a music fan, or even a scuba diver, you can find plenty of activities to keep your family busy without dropping a bundle.

Housing Affordability: There are less expensive towns in Alabama, but Helena compares well to similar communities in the U.S. in terms of affordability. Families may find it hits the sweet spot when it comes to finding a comfortable place to call home.

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Best Places to Live in Alabama for Young Adults

Alabama has plenty to offer young adults, including vibrant cities, entertainment venues, college sports, and cultural attractions.

1. Tuscaloosa

• Population: 110,602
• Median Household Income: $44,880
• Median Rent Price: $1,500
• Home Price-to-Income Ratio: 0.99
• Average Property Tax: 0.31%

Looking for a beautiful community with a vibrant nightlife? You may want to put Tuscaloosa on your list. The city, which is the home of the University of Alabama, offers sports, culture, education, and more. And it’s affordable.

Housing Affordability: Home prices in Tuscaloosa have risen significantly in recent years, but costs are still quite reasonable. (Note that the city’s price-to-income ratio is a low 0.99.) And though rentals are in demand, rent prices are manageable — and about the same as they were this time last year.

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2. Auburn

• Population: 80,006
• Median Household Income: $54,700
• Median Rent Price: $1,800
• Home Price-to-Income Ratio: 1.69
• Average Property Tax: 0.5%

Auburn is another college town with plenty to offer young adults, including sporting events, museums, entertainment venues, and a diverse dining scene. And with the area’s affordable home and rental prices, you should have some money leftover in your budget for discretionary expenses.

Housing Affordability: Auburn has a healthy home price-to-income ratio, even though prices have been steadily rising for several years. There is good news for renters, however: Though rentals are in demand, the year-over-year median rental price has dropped by $300.

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3. Daphne

• Population: 29,670
• Median Household Income: $74,701
• Median Rent Price: $1,848
• Home Price-to-Income Ratio: 4.25
• Average Property Tax: 31%

Young adults who enjoy beach life and socializing will like Daphne, which is located on Mobile Bay and has a lively nightlife and lots of outdoor activities. Home costs in Daphne are surprisingly affordable for a place that’s so close to the water.

Housing Affordability: Homes in Daphne are not inexpensive, and prices are rising. But it may be easier for frugal house hunters to qualify for a mortgage in some neighborhoods more than others. With its proximity to the beach and other amenities, you might decide living in Daphne is right for you.

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4. Vestavia Hills

• Population: 38,292
• Median Household Income: $118,539
• Median Rent Price: $2,000
• Home Price-to-Income Ratio: 4.38
• Average Property Tax: 0.47-0.58%

Conveniently located between Birmingham and Hoover, the suburb of Vestavia Hills has plenty to offer — including shopping, coffee shops, restaurants, and several wineries. Home prices can be high, though, so keep that in mind if you’re drawn to this area.

Housing Affordability: Vestavia Hills is a charming community, but you may have to do a little legwork to find a home that’s in your price range. It might be helpful to go through the mortgage preapproval process before you begin your search, so you’ll know what you can afford.

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5. Fairhope

• Population: 23,859
• Median Household Income: $83,258
• Median Rent Price: $2,000
• Home Price-to-Income Ratio: 5.54
• Average Property Tax: 0.31%

Fairhope, which is located on Mobile Bay, has many perks, including a lively downtown with shops and restaurants; outdoor activities, including bike and nature trails, as well as paddleboarding and other water sports; and an active nightlife. However, all those amenities can make living in Fairhope a little more expensive than other areas.

Housing Affordability: Home and rental prices are generally higher in Fairhope, and still rising. And that can be a challenge if you’re a first-time homebuyer. You may want to consider other factors that could impact your budget (your commute, etc.) when checking out this area.

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Best Places to Live in Alabama for Retirees

With its warm climate, community-oriented towns, and affordable housing prices, Alabama can be an inviting place to spend your retirement years. These are some of the best places to live in Alabama for retirees.

1. Dothan

• Population: 71,235
• Median Household Income: $49,203
• Median Rent Price: $1,250
• Home Price-to-Income Ratio: 3.76
• Average Property Tax: 0.37%

If you enjoy golfing, birding, dining out, or going to concerts, Dothan could be a good place to call home. The city has a large and active senior population. And though it’s just north of the Florida state line, you may have more luck retiring on a budget in Dothan.

Housing Affordability: Homes and rental prices are rising in Dothan, but they are still affordable. Some neighborhoods are less expensive than others, so you should be able to find options in your price range.

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2. Prichard

• Population: 18,870
• Median Household Income: $32,900
• Median Rent Price: $1,500
• Home Price-to-Income Ratio: 1.3
• Average Property Tax: 0.5%

Prichard is a suburb of Mobile, which means you can get all the advantages of living near a big city without having to deal with the traffic every day. Home costs are low here, even though it’s near Mobile Bay and several other more expensive communities.

Housing Affordability: Bargain hunters, get ready! The average Prichard home value is $43,012 and the area’s home price-to-income ratio sits at just 1.3. And although the median rental price is up $195 from a year ago, it’s still a very affordable $945.

Image Credit: Prichard by Michael Rivera (None).

3. Midfield

• Population: 5,026
• Median Household Income: $46,929
• Median Rent Price: $950
• Home Price-to-Income Ratio: 1.81
• Average Property Tax: 0.58%

Midfield is a community-oriented suburb just a few miles south of Birmingham. It’s an easy place for retirees to settle into, with convenient grocery stores and churches, and plenty of outdoor activities.

Housing Affordability: After several years of steady increases, home prices in Midfield have stabilized over the past few months, and the home price-to-income ratio remains an extremely healthy 1.81. Rents are also low.

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4. Chickasaw

• Population: 6,310
• Median Household Income: $36,196
• Median Rent Price: $1,200
• Home Price-to-Income Ratio: 2.74
• Average Property Tax: 0.5

If you’re checking out Prichard, consider also taking a look at Chickasaw just to the north. This budget-friendly area is less than an hour drive to Mobile Bay. And Chickasaw regularly offers activities and programs aimed at retirees.%

Housing Affordability: Chickasaw is an attractive area for retirees, not just because the town’s home and rental prices are reasonable, but for its seniors-friendly reputation.

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5. Tuskegee

• Population: 8,859
• Median Household Income: $32,024
• Median Rent Price: $600
• Home Price-to-Income Ratio: 2.22
• Average Property Tax: 0.42%

City slickers, nature lovers, and history buffs will find something to like in Tuskegee. You can enjoy all the town has to offer and stay on budget with the town’s affordable home prices.

Housing Affordability: Home prices are rising in Tuskegee, but they’re still manageable. (Check out that healthy 2.22 home price-to-income ratio.) Though rentals are moving fast, rental prices are low and currently dropping.

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Best Places to Live in Alabama Near the Water

If you’re looking for property on or near the water, Alabama has not just the ocean, but also lakes to choose from.

1. Gulf Shores

• Population: 16,193
• Median Household Income: $53,048
• Median Rent Price: $2,500
• Home Price-to-Income Ratio: 8.83
• Average Property Tax: 0.31%

Because it’s on the beach, people typically think of Gulf Shores as a vacation spot. But it can be a lovely place to live year-round. There are lots of shops, restaurants, and a state park to enjoy. Some neighborhoods are more expensive than others, so if this is your target area, be ready for a high monthly payment, whether you plan to rent or buy.

Housing Affordability: Gulf Shores is known for fun by the beach — not necessarily for low home prices. But if you want to live by the ocean, a home purchase or rental in this coastal community could cost you much less than a waterfront home in many other states. And a jumbo mortgage loan could be worth exploring if you find your dream house.

Image Credit: Jeremy Edwards/istockphoto.

2. Orange Beach

• Population: 8,447
• Median Household Income: $84,838
• Median Rent Price: $3,000
• Home Price-to-Income Ratio: 8.31
• Average Property Tax: 0.31%

If you love watersports or fishing, this quaint town may be the place for you. It has gorgeous beaches, a fishing pier, a waterfront park, and a sea museum. The Wharf is a popular area with shops, and there’s also an amphitheater where you can see shows.

Housing Affordability: You may find your dream home in Orange Beach, but high home and rental costs could make this coastal town out of reach. If you decide to target this area, the resources in a home loan help center might be helpful as you shop for the right mortgage.

Image Credit: Jeremy Edwards/istockphoto.

3. Guntersville

• Population: 8,874
• Median Household Income: $53,750
• Median Rent Price: $1,400
• Home Price-to-Income Ratio: 5.06
• Average Property Tax: 0.38%

If you’re looking for waterfront property but can’t afford to be near the ocean, Guntersville could be a worthy alternative. It sits on Alabama’s largest lake, and along with fishing, sailing, and other watersports, residents can enjoy the town’s museums, festivals, and the theater.

Housing Affordability: Guntersville is a lake town, not a beach town, so housing costs are generally more affordable than other waterfront areas. Still, its home price-to-income ratio is fairly high — and prices are rising.

Image Credit: Ray Tan/istockphoto.

4. Dauphin Island

• Population: 1,814
• Median Household Income: $87,596
• Median Rent Price: $3,750
• Home Price-to-Income Ratio: 5.45
• Average Property Tax: 0.5%ç

Dauphin Island is a small beach town on the Gulf, and it has a lot to offer — including a nice downtown area, as well as a historic shell mound and fort to explore. Home prices aren’t as high in Dauphin Island as in some other U.S. beach towns, but it may take some searching to find something that suits your bank account.

Housing Affordability: Renters might have to do some looking to find a house with a good price on Dauphin Island. However, homebuyers may decide prices aren’t bad for a home that’s right on the water.

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5. Alexander City

• Population: 14,636
• Median Household Income: $41,778
• Median Rent Price: $1,600
• Home Price-to-Income Ratio: 4.09
• Average Property Tax: 0.32%

Alexander City is a vibrant and affordable community that sits on the shores of Lake Marshall. It has lovely water views, along with shops, restaurants, museums, and parks, so there’s always something to do.

Housing Affordability: Alexander City has manageable home prices for those dreaming of a waterfront home. Renters may also find it more affordable than the ocean, however, rentals may be hard to find.

Image Credit: Jacqueline Nix/istockphoto.

The Takeaway

If you’re drawn to the idea of living in the South and all it has to offer, Alabama could be a “sweet home” for you. As you begin your house hunt, you’ll find that each community has a little something different to offer, and home prices can vary significantly from one neighborhood to the next.

This article originally appeared on SoFi.com and was syndicated by MediaFeed.org.

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