Housing costs in Riceville?
A typical home costs
$263,900, which is 21.9% less expensive than the national average of
$338,100 and 4.9% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Riceville costs
$790 per month, which is 44.8% cheaper than the national average of
$1,430 and 35.4% cheaper than the state average of
$1,070.
Can I afford Riceville?
To live comfortably in Riceville, Tennessee, a minimum annual income of
$50,400 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Riceville?
The cost of living in Riceville, TN is relatively low compared to the national average. The median home value in Riceville is $84,100, and the median household income is just over $44,000. The cost of living index is 77.6, which is 22.4 points lower than the national average. This means that goods and services in the area are much less expensive than they would be elsewhere around the country. Additionally, property tax rates are quite low at 0.81%, allowing for more affordable housing options within the city limits of Riceville.