Housing costs in Fairmount?
A typical home costs
$411,800, which is 21.8% more expensive than the national average of
$338,100 and 48.4% more expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Fairmount costs
$1,360 per month, which is 4.9% cheaper than the national average of
$1,430 and 21.3% more than the state average of
$1,070.
Can I afford Fairmount?
To live comfortably in Fairmount, Tennessee, a minimum annual income of
$78,840 for a family, and
$46,800 for a single person is recommended.
What does A.I. say about Fairmount?
Fairmount, TN is an affordable place to live. The cost of living is quite low compared to other cities in the state and across the country. Housing costs are particularly reasonable, with the median home value at just $90,400 according to BestPlaces. Renters can find a variety of apartments or houses for around the same median rent price of $717 per month. Other costs such as food, utilities, transportation and health care also remain relatively low when compared to other areas in Tennessee. This makes Fairmount a great place for those on a budget to call home.