Housing costs in Bloomington Springs?
A typical home costs
$200,300, which is 40.8% less expensive than the national average of
$338,100 and 27.8% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Bloomington Springs costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and 27.4% cheaper than the state average of
$1,070.
Can I afford Bloomington Springs?
To live comfortably in Bloomington Springs (zip 38545), Tennessee, a minimum annual income of
$38,520 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Bloomington Springs?
The cost of living in 38545 Bloomington Springs, TN is quite reasonable. The median home value is $129,600, which is a good deal compared to the state's average of $185,000. The median household income is also slightly below the state's average at $43,780. Taxes are fairly low in this area as well, with an effective tax rate of 4.5%. With all these factors combined, it makes for a very affordable place to live.