Housing costs in Palmer?
A typical home costs
$155,300, which is 54.1% less expensive than the national average of
$338,100 and 44.0% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Palmer costs
$930 per month, which is 35.0% cheaper than the national average of
$1,430 and 15.1% cheaper than the state average of
$1,070.
Can I afford Palmer?
To live comfortably in Palmer, Tennessee, a minimum annual income of
$29,880 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Palmer?
The cost of living in Palmer, TN is relatively low compared to other nearby cities, making it a great option for those looking for an affordable place to live. The median home value in Palmer is lower than the national average and has been steadily rising over the past few years. Additionally, groceries and utilities are also more affordable than in other parts of Tennessee. While some goods and services can be more expensive due to limited availability, overall the cost of living in Palmer is quite reasonable and provides a great quality of life for its residents.