Housing costs in Hermitage?
A typical home costs
$374,500, which is 10.8% more expensive than the national average of
$338,100 and 35.0% more expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Hermitage costs
$1,470 per month, which is 37.4% more than the national average of
$1,070 and 6.1% more than the state average of
$1,380.
Can I afford Hermitage?
To live comfortably in Hermitage (zip 37076), Tennessee, a minimum annual income of
$71,640 for a family, and
$52,000 for a single person is recommended.
What does A.I. say about Hermitage?
The cost of living in 37076 Hermitage, TN is fairly reasonable. In fact, the overall cost of living index in Hermitage is 86.7, which is 14.3% lower than the national average. Housing costs are particularly low - with a median home value of just $164,400 - and utilities are also much lower than the national average. Additionally, food and grocery prices are on par with most other parts of the country. All things considered, Hermitage provides a great balance between quality of life and affordability.