Housing costs in Olivet?
A typical home costs
$131,500, which is 61.1% less expensive than the national average of
$338,100 and 52.6% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Olivet 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 Olivet?
To live comfortably in Olivet, Tennessee, a minimum annual income of
$25,200 for a family, and
$22,000 for a single person is recommended.
What does A.I. say about Olivet?
The cost of living in Olivet, TN is quite affordable. The median home value is just over $58,000, which is substantially lower than the national average. Additionally, utilities are rather inexpensive here and there are no state income taxes making it an attractive option for people who are looking to save money. Groceries and gas prices are also reasonable when compared to the rest of the country. Overall, Olivet offers a great quality of life at a very affordable price.