Housing costs in Oakland?
A typical home costs
$321,100, which is 5.0% less expensive than the national average of
$338,100 and 15.8% more expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Oakland costs
$1,480 per month, which is 3.5% more than the national average of
$1,430 and 27.7% more than the state average of
$1,070.
Can I afford Oakland?
To live comfortably in Oakland, Tennessee, a minimum annual income of
$61,560 for a family, and
$51,600 for a single person is recommended.
What does A.I. say about Oakland?
Oakland, TN offers a cost of living that is quite affordable. In comparison to the U.S. average, the cost of living in Oakland is approximately 20 percent lower. Housing costs are particularly low, making Oakland an attractive option for those looking to purchase a home without breaking the bank. Groceries, healthcare, and transportation are also generally cheaper than the national average. In addition, unemployment rates in Oakland are below the national average, which can help keep costs down even further. All in all, Oakland residents can enjoy a comfortable lifestyle at an economical rate compared to many other places in Tennessee and beyond.