Housing costs in Tennessee?
A typical home costs
$277,400, which is 18.0% less expensive than the national average of
$338,100 and 0.0% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Tennessee costs
$1,070 per month, which is 25.2% cheaper than the national average of
$1,430 and close to the state average of
$1,070.
Can I afford Tennessee?
To live comfortably in Tennessee, a minimum annual income of
$53,280 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about Tennessee?
The cost of living in Tennessee State is quite reasonable. According to BestPlaces, the cost of living index in Tennessee is 87.2, which is lower than the national average of 100. This means that the overall costs of goods and services are relatively lower compared to other parts of the United States. In addition, the median household income in Tennessee falls just under $53,000 a year, which shows that most people can make ends meet with relative ease. Overall, Tennessee is an affordable place to live and offers its residents a great quality of life.