Housing costs in East Ridge?
A typical home costs
$214,000, which is 36.7% less expensive than the national average of
$338,100 and 22.9% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in East Ridge costs
$1,170 per month, which is 9.3% more than the national average of
$1,070 and 8.5% more than the state average of
$1,070.
Can I afford East Ridge?
To live comfortably in East Ridge (zip 37412), Tennessee, a minimum annual income of
$41,040 for a family, and
$40,000 for a single person is recommended.
What does A.I. say about East Ridge?
The cost of living in 37412 East Ridge, TN is quite reasonable. According to Cost of Living Index reports, the overall cost of living in East Ridge is 8.4 percent lower than the national average and 9.3 percent lower than the Tennessee average. Housing costs are particularly affordable; median home prices are just $128,000, which is 19.6 percent lower than the state median of $159,500. Renters can also expect to find reasonably priced apartments throughout the city with a median rent of $785 per month for a one-bedroom home—14.1 percent lower than the state’s median rent of $918 per month for a one-bedroom unit. Additionally, groceries, health care services and utility costs remain significantly below that of both national and state averages in East Ridge.