Housing costs in Lakeland?
A typical home costs
$416,500, which is 23.2% more expensive than the national average of
$338,100 and 50.1% more expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Lakeland costs
$1,440 per month, which is 0.7% more than the national average of
$1,430 and 25.7% more than the state average of
$1,070.
Can I afford Lakeland?
To live comfortably in Lakeland, Tennessee, a minimum annual income of
$79,920 for a family, and
$50,400 for a single person is recommended.
What does A.I. say about Lakeland?
The cost of living in Lakeland, TN is quite affordable. The city boasts a low median home value and cost of living, which allows residents to enjoy a high quality of life. Grocery items are also inexpensive, making it an ideal place for those looking for a budget-friendly lifestyle. Property taxes are low, rent prices are reasonable, and overall the city has much to offer for those looking to save money.