Housing costs in Lone Oak?
A typical home costs
$160,000, which is 52.7% less expensive than the national average of
$338,100 and 42.3% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Lone Oak costs
$1,360 per month, which is 4.9% cheaper than the national average of
$1,430 and 21.3% more than the state average of
$1,070.
Can I afford Lone Oak?
To live comfortably in Lone Oak, Tennessee, a minimum annual income of
$30,600 for a family, and
$46,800 for a single person is recommended.
What does A.I. say about Lone Oak?
The cost of living in Lone Oak, TN is relatively low compared to other areas. The median household income is around $52,000 and the cost of housing is quite reasonable with a median home value of $108,700. The area has plenty of job opportunities available due to its proximity to Nashville and there are many amenities available at a lower cost than more populated areas. Grocery stores, restaurants, and entertainment venues are all reasonably priced in Lone Oak. The city also offers a variety of outdoor activities for those looking for an escape from the hustle and bustle of larger cities. All in all, Lone Oak provides affordable living for its residents without compromising on quality amenities or lifestyle options.