Housing costs in Chattanooga?
A typical home costs
$167,900, which is 50.3% less expensive than the national average of
$338,100 and 39.5% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Chattanooga costs
$1,460 per month, which is 36.4% more than the national average of
$1,070 and 26.7% more than the state average of
$1,070.
Can I afford Chattanooga?
To live comfortably in Chattanooga (zip 37351), Tennessee, a minimum annual income of
$32,040 for a family, and
$50,400 for a single person is recommended.
What does A.I. say about Chattanooga?
The cost of living in Chattanooga, TN (37351) is quite reasonable. The overall cost of living index is 92, meaning that it is 8% lower than the national average. This includes costs such as grocery items, utilities, housing, and transportation. Housing is particularly affordable in this area with a median home price of $123,400. Furthermore, the median household income for residents in 37351 is $45,917 making it more affordable to live here. Groceries also tend to be reasonably priced and Chattanooga has a wide variety of dining options for all budgets. In general, individuals and families looking to move to the city can find plenty of affordable housing options and inexpensive activities to keep them busy year-round.