Housing costs in Chapel Hill?
A typical home costs
$356,800, which is 5.5% more expensive than the national average of
$338,100 and 28.6% more expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Chapel Hill 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 Chapel Hill?
To live comfortably in Chapel Hill, Tennessee, a minimum annual income of
$68,400 for a family, and
$24,000 for a single person is recommended.
What does A.I. say about Chapel Hill?
The cost of living in Chapel Hill, TN is relatively affordable. The median home price in the area is $192,800, which is slightly lower than the average in Tennessee and much lower than the national median home price. The cost of utilities such as gas and electricity are also quite low compared to other municipalities. Additionally, food costs are lower than the national average. All of this makes Chapel Hill an attractive place for those looking for a place to live with a reasonable cost of living.