Housing costs in Somerville?
A typical home costs
$266,400, which is 21.2% less expensive than the national average of
$338,100 and 4.0% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Somerville costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 28.9% cheaper than the state average of
$1,070.
Can I afford Somerville?
To live comfortably in Somerville, Tennessee, a minimum annual income of
$51,120 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Somerville?
The cost of living in Somerville, TN is quite reasonable. Housing prices tend to be lower than the national average, with the median home value being around $123,000. Property taxes are also relatively low, making it an attractive place for people looking to buy a home. The cost of food and transportation are also fairly cheap in comparison to other cities and towns around the state. Overall, Somerville offers a great quality of life at a relatively affordable price.