Housing costs in Shelbyville?
A typical home costs
$252,300, which is 25.4% less expensive than the national average of
$338,100 and 9.0% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Shelbyville costs
$1,400 per month, which is 2.1% cheaper than the national average of
$1,430 and 23.6% more than the state average of
$1,070.
Can I afford Shelbyville?
To live comfortably in Shelbyville, Tennessee, a minimum annual income of
$48,240 for a family, and
$45,600 for a single person is recommended.
What does A.I. say about Shelbyville?
The cost of living in Shelbyville, TN is quite reasonable. The city has a composite index of 84.4 which is below the national average. This means that groceries, utilities, health care, transportation, and housing are all relatively affordable compared to other areas in the country. Shelbyville also offers a low sales tax rate of 9.25%, which can help to keep costs down even further. All in all, Shelbyville's cost of living makes it an attractive option for those looking for a place to call home.