Housing costs in Chesterfield?
A typical home costs
$189,800, which is 43.9% less expensive than the national average of
$338,100 and 31.6% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Chesterfield costs
$950 per month, which is 33.6% cheaper than the national average of
$1,430 and 12.6% cheaper than the state average of
$1,070.
Can I afford Chesterfield?
To live comfortably in Chesterfield, Tennessee, a minimum annual income of
$36,360 for a family, and
$33,600 for a single person is recommended.
What does A.I. say about Chesterfield?
The cost of living in Chesterfield, TN is quite affordable. According to BestPlaces's Cost of Living Index, the city ranks 40% lower than the average US city and 32% lower than other Tennessee cities. In addition, the median home value in Chesterfield is around $85,000 which is much less expensive compared to the state's median value of $161,400. Moreover, the median household income in Chesterfield is slightly above $37,000 which is just a bit lower than Tennessee's average household income of about $47,000. All in all, it can be said that Chesterfield provides a great cost-of-living balance when compared to other areas within the state and across the country.