Housing costs in Hopewell?
A typical home costs
$252,100, which is 25.4% less expensive than the national average of
$338,100 and 9.1% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Hopewell costs
$1,010 per month, which is 29.4% cheaper than the national average of
$1,430 and 5.9% cheaper than the state average of
$1,070.
Can I afford Hopewell?
To live comfortably in Hopewell, Tennessee, a minimum annual income of
$48,240 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Hopewell?
The cost of living in Hopewell, TN is relatively affordable compared to other cities in the United States. The median home value is about $108,000, which is considerably lower than the national average. The median rent for a two-bedroom apartment is around $800 per month, making it one of the more inexpensive places to rent an apartment. The cost of groceries and basic necessities are also quite reasonable. Additionally, energy costs tend to be lower than many other areas due to its mild climate and lack of extreme temperatures. All in all, Hopewell is an inexpensive place to live with plenty of conveniences and amenities at your fingertips.