Housing costs in Munford?
A typical home costs
$249,200, which is 26.3% less expensive than the national average of
$338,100 and 10.2% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Munford costs
$1,100 per month, which is 23.1% cheaper than the national average of
$1,430 and 2.7% more than the state average of
$1,070.
Can I afford Munford?
To live comfortably in Munford, Tennessee, a minimum annual income of
$47,880 for a family, and
$38,400 for a single person is recommended.
What does A.I. say about Munford?
The cost of living in Munford, TN is reasonable compared to other cities in the region. Costs are kept low due to a variety of factors, such as an abundance of local businesses that offer competitive prices on goods and services. The area also benefits from its proximity to Memphis, which is only 40 miles away meaning there are plenty of job opportunities available with higher wage rates than rural areas. Property taxes are also relatively low, making it a great place for those looking for affordable housing. In summary, living in Munford, TN provides residents with an affordable lifestyle while still having access to the amenities and opportunities offered by larger cities nearby.