Housing costs in Martin?
A typical home costs
$143,200, which is 57.6% less expensive than the national average of
$338,100 and 48.4% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Martin costs
$750 per month, which is 47.6% cheaper than the national average of
$1,430 and 42.7% cheaper than the state average of
$1,070.
Can I afford Martin?
To live comfortably in Martin Tennes Metro Area, Tennessee, a minimum annual income of
$27,360 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Martin?
The cost of living in Martin, TN Metro Area is considerably lower than the US average. According to the data above, the Cost of Living index for Martin, TN Metro Area is 70.8 while the US average Cost of Living index is 100. This means that the prices for basic needs such as goods and services are approximately 30% cheaper in the Martin, TN Metro Area than they are on average across the United States. In addition, given that the median house value in Martin, TN Metro Area is $143200 - significantly lower than the US average of $338100 - it can be concluded that living in this area can allow households to enjoy a better quality of life at a more affordable cost.