Housing costs in Fall Branch?
A typical home costs
$220,400, which is 34.8% less expensive than the national average of
$338,100 and 20.5% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Fall Branch costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 32.1% cheaper than the state average of
$1,070.
Can I afford Fall Branch?
To live comfortably in Fall Branch, Tennessee, a minimum annual income of
$42,120 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Fall Branch?
The cost of living in Fall Branch, TN is reasonable and affordable. The median home price is approximately $117,400, which is lower than the national average of $184,700. This makes it an excellent choice for first-time homebuyers and those looking to downsize within their budget. Utility costs are also quite low with electricity averaging around $0.11 per kWh and natural gas at a rate of about $0.50 per therm. Groceries are slightly above the national average but still remain relatively low with an index score of 99. Transportation costs can be higher due to limited public transportation options, however fuel costs are around the national average with a gallon unleaded costing about 2.23 dollars as of 2021. All in all, Fall Branch is a great option for anyone looking for an affordable place to live in Tennessee.