Housing costs in Oak Ridge?
A typical home costs
$258,700, which is 23.5% less expensive than the national average of
$338,100 and 6.7% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Oak Ridge costs
$1,070 per month, which is 25.2% cheaper than the national average of
$1,430 and close to the state average of
$1,070.
Can I afford Oak Ridge?
To live comfortably in Oak Ridge, Tennessee, a minimum annual income of
$49,680 for a family, and
$35,200 for a single person is recommended.
What does A.I. say about Oak Ridge?
Oak Ridge, TN is known for having a relatively low cost of living. The city's overall cost of living index is 3% below the national average, making it an attractive option for those looking to save money on basic necessities. Groceries and health care costs are especially low, coming in at 8% and 9% below the national average respectively. The median home cost in Oak Ridge is about $140,000 which is slightly higher than the national median of $131,400. Although housing prices may be slightly more expensive in Oak Ridge than other cities in the area, its overall lower cost of living makes it an appealing option for families looking to save money while enjoying the beauty, convenience, and safety of the city.