Housing costs in Beersheba Springs?
A typical home costs
$120,100, which is 64.5% less expensive than the national average of
$338,100 and 56.7% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Beersheba Springs 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 Beersheba Springs?
To live comfortably in Beersheba Springs (zip 37305), Tennessee, a minimum annual income of
$23,040 for a family, and
$24,000 for a single person is recommended.
What does A.I. say about Beersheba Springs?
Living in 37305 Beersheba Springs, TN is relatively affordable. With an overall cost of living index score of 86.7, the city is cheaper than the US average by 13.3 points. Housing costs are especially low, coming in at a staggering 62.4 compared to the US average of 100. Groceries and healthcare are both slightly above the national average at 103 and 97 respectively, but utilities such as electricity and water remain below the US benchmark with scores of 89 and 79 respectively. The median household income for this small town is also quite low at just $29,792 per year; however, residents can benefit from no state income tax in Tennessee which may make up somewhat for the lower wages. All things considered, living in Beersheba Springs can be an affordable option for those looking to take advantage of its rural setting close to Chattanooga.