Housing costs in Cottage Grove?
A typical home costs
$188,000, which is 44.4% less expensive than the national average of
$338,100 and 32.2% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Cottage Grove costs
$770 per month, which is 28.0% cheaper than the national average of
$1,070 and close to the state average of
$760.
Can I afford Cottage Grove?
To live comfortably in Cottage Grove (zip 38224), Tennessee, a minimum annual income of
$36,000 for a family, and
$23,600 for a single person is recommended.
What does A.I. say about Cottage Grove?
The cost of living in 38224 Cottage Grove, TN is relatively low compared to many other areas in Tennessee. The median home price in Cottage Grove is around $131,500, well below the state average of $174,800. The overall cost of living index for the area stands at 81.2, which is 19.8% lower than the U.S. average of 100. This means that everyday expenses such as groceries and utilities are significantly cheaper compared to other parts of Tennessee and the rest of the nation, making it a great place to live for those on a budget. Sales taxes are also low at 9%, which helps keep costs down even further for residents and visitors alike.