Housing costs in Collinwood?
A typical home costs
$120,700, which is 64.3% less expensive than the national average of
$338,100 and 56.5% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Collinwood costs
$750 per month, which is 47.6% cheaper than the national average of
$1,430 and 42.7% cheaper than the state average of
$1,070.
Can I afford Collinwood?
To live comfortably in Collinwood, Tennessee, a minimum annual income of
$23,040 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Collinwood?
Collinwood, TN offers a great cost of living for its residents. The city has an overall cost of living index of 79.3, which is significantly lower than the U.S average of 100. This makes Collinwood an attractive option for those looking to stretch their budgets further as many basic expenses such as food, housing, and transportation are much cheaper here than most other places in the U.S. In particular, the median house price in Collinwood is $56,200 compared to the national median house price of $184,700; making it significantly more affordable to purchase a home here. With plenty of outdoor activities and cultural attractions within reach in this small town, Collinwood provides a great bang for your buck that is hard to beat!