Housing costs in Lenoir City?
A typical home costs
$343,500, which is 1.6% more expensive than the national average of
$338,100 and 23.8% more expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Lenoir City costs
$1,090 per month, which is 23.8% cheaper than the national average of
$1,430 and close to the state average of
$1,070.
Can I afford Lenoir City?
To live comfortably in Lenoir City, Tennessee, a minimum annual income of
$65,880 for a family, and
$35,600 for a single person is recommended.
What does A.I. say about Lenoir City?
Lenoir City, TN is known for its low cost of living. The median home price in the city is just under $200,000, which is quite reasonable compared to other cities in the region. Groceries and basic commodities are also relatively inexpensive in Lenoir City. The city has a sales tax rate of just 9.75%, making it one of the most affordable places to live among its neighboring cities. Additionally, utilities such as electricity and water are very affordable and generally average about $200 per month. All these factors make Lenoir City an attractive location for those looking for an affordable place to call home!