Housing costs in Chattanooga?
A typical home costs
$257,900, which is 23.7% less expensive than the national average of
$338,100 and 7.0% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Chattanooga 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 Chattanooga?
To live comfortably in Chattanooga Tennes Metro Area, Tennessee, a minimum annual income of
$49,320 for a family, and
$36,800 for a single person is recommended.
What does A.I. say about Chattanooga?
The cost of living in the Chattanooga, TN Metro Area is significantly lower than the national average. According to data from the US Bureau of Labor Statistics, the cost of living index for the metro area is 88.4 compared to the US average of 100. This indicates that typical costs for goods and services in Chattanooga are approximately 12 percent lower than the national average. This lower cost of living combined with its relatively low median house value at $257,900 – which is well below the US average of $338,100 - makes Chattanooga an attractive option for those looking for a more affordable place to live.