Housing costs in Shelby?
A typical home costs
$206,500, which is 38.9% less expensive than the national average of
$338,100 and 25.6% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Shelby costs
$1,030 per month, which is 28.0% cheaper than the national average of
$1,430 and 3.9% cheaper than the state average of
$1,070.
Can I afford Shelby?
To live comfortably in Shelby Tennes County, Tennessee, a minimum annual income of
$39,600 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about Shelby?
The cost of living in Shelby, TN County is lower than the national average. According to the figures above, the median house value in Shelby County is $206,500 compared to the US average of $338,100. Additionally, the cost of living index for Shelby County is 85.8 while the US average is 100. This means that residents in Shelby County enjoy a relatively low cost of living compared to other parts of the country. This could be beneficial for those looking for affordable housing and day-to-day goods and services.