Housing costs in Cumberland Gap?
A typical home costs
$191,400, which is 43.4% less expensive than the national average of
$338,100 and 31.0% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Cumberland Gap costs
$760 per month, which is 46.9% cheaper than the national average of
$1,430 and 40.8% cheaper than the state average of
$1,070.
Can I afford Cumberland Gap?
To live comfortably in Cumberland Gap, Tennessee, a minimum annual income of
$36,720 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Cumberland Gap?
The cost of living in Cumberland Gap, TN is generally quite affordable. According to BestPlaces, the cost of living index for this town is an impressive 82 out of 100, which is 18% lower than the national average. Housing costs are especially inexpensive compared to other places in the country; renters can expect to pay significantly less than other areas, and the median home price is substantially lower than many other locations in Tennessee. Utilities and groceries are also cheaper than the national average. Overall, Cumberland Gap offers a great balance between quality of life and affordability for those looking for a peaceful community with plenty of outdoor activities at a reasonable price.