Housing costs in Troy?
A typical home costs
$141,900, which is 58.0% less expensive than the national average of
$338,100 and 48.8% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Troy costs
$760 per month, which is 46.9% cheaper than the national average of
$1,430 and 40.8% cheaper than the state average of
$1,070.
Can I afford Troy?
To live comfortably in Troy, Tennessee, a minimum annual income of
$27,360 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Troy?
Troy, TN offers an affordable cost of living for those looking to relocate to the area. The cost of living index is 85.8, which is lower than the average national index of 100. Housing costs make up a large part of this index with the median home value in the city being $106,100 and monthly rent averaging around $714 per month. The sales tax rate is also relatively low at 9.75%. With such low costs and a variety of amenities available, Troy makes for an ideal place to call home.