Spoiler: a lot.
Sweet home Alabama has one of the lowest costs of living in the U.S.—by a long shot.
To illustrate how much housing prices vary by state, GoBankingRates.com recently decided to get a little creative with the numbers, in particular, by calculating how many homes you can buy in Alabama for the price of just one house in California.
Spoiler: it’s a lot.
To get there, the online personal finance resource used the median listing price in Birmingham ($69,900) and compared it to the median home price in California’s four biggest cities. Based on those numbers, here's what you can get in California cities vs. Alabama:
- 1 home in Los Angeles = 11 homes in Birmingham
- 1 home in San Diego = 9 homes in Birmingham
- 1 home in San Jose = 14 homes in Birmingham
- 1 home in San Francisco = 17 homes in Birmingham
For reference, the median home price in California is $539,000, but it’s even higher in its four biggest cities: San Diego ($655,888), Los Angeles ($795,000), San Jose ($990,888) and San Francisco ($1.19 million).
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Alabama is also one of the states where you can buy the largest home for your money, GoBankingRates.com found.
Memphis wasn’t too far behind Alabama, thanks to a median home list price of only $92,900. Here you can buy 13 homes for the price of one swanky San Francisco pad.