Montgomery, Birmingham ranked among America’s most affordable big cities

Birmingham Alabama

Alabama boasts two of the most affordable big cities America according to a new study by financial technology company SmartAsset.

Their latest study ranks more than 150 of America’s biggest cities to find the most affordable. Montgomery comes in at the number six spot, meanwhile Birmingham ranks as the 15th most affordable.

Map of most affordable big cities
Map of most affordable big cities [Photo via SmartAsset]

These cities are measured on factors including property taxes, homeowners’ insurance and mortgage payments relative to median income.

Specifically, SmartAsset found the total cost over five years of these four expenses—closing costs, taxes, insurance and mortgage payments—for the average home in every city in the U.S. with a population greater than 200,000. Then they took that five-year cost as a proportion of median household income in each city to determine affordability.

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