Housing costs in East Ridge?
A typical home costs
$224,800, which is 33.5% less expensive than the national average of
$338,100 and 19.0% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in East Ridge costs
$1,190 per month, which is 16.8% cheaper than the national average of
$1,430 and 10.1% more than the state average of
$1,070.
Can I afford East Ridge?
To live comfortably in East Ridge, Tennessee, a minimum annual income of
$43,200 for a family, and
$40,800 for a single person is recommended.
What does A.I. say about East Ridge?
The cost of living in East Ridge, TN is relatively low compared to other parts of the country. The median home value in East Ridge is $135,000, which is much lower than the national average of $231,200. Additionally, food costs are quite affordable with a groceries index of 95.1, which is slightly lower than the national average of 96.7. On top of that, the median household income is $42,115 and the median rent price for a one-bedroom apartment is only around $650 per month. All in all, East Ridge provides a great quality of life for residents with an affordable living cost.