Housing costs in Gates?
A typical home costs
$108,200, which is 68.0% less expensive than the national average of
$338,100 and 61.0% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Gates costs
$720 per month, which is 49.7% cheaper than the national average of
$1,430 and 48.6% cheaper than the state average of
$1,070.
Can I afford Gates?
To live comfortably in Gates, Tennessee, a minimum annual income of
$20,880 for a family, and
$22,000 for a single person is recommended.
What does A.I. say about Gates?
Gates, TN is a great place to live with an affordable cost of living. The overall cost of living in Gates is about 11% lower than the national average, making it much easier to meet your budget. Housing costs are around 14% lower than the average U.S. city, making it an attractive option for those looking for an inexpensive place to call home. Groceries and health care also come in below the national average, providing additional benefits for those hoping to keep their expenses low. In addition, taxes are relatively low in Gates compared to other cities across the country. All these factors combine to make Gates a great option for those looking for an affordable way of life without sacrificing quality.