Housing costs in Elkton?
A typical home costs
$144,600, which is 57.2% less expensive than the national average of
$338,100 and 47.9% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Elkton costs
$770 per month, which is 46.2% cheaper than the national average of
$1,430 and 39.0% cheaper than the state average of
$1,070.
Can I afford Elkton?
To live comfortably in Elkton (zip 38455), Tennessee, a minimum annual income of
$27,720 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Elkton?
The cost of living in 38455 Elkton, TN is quite affordable. The mean home price is around $150,000, which is significantly lower than the national average. This allows for a much more comfortable and affordable lifestyle than other cities in the state. Additionally, the area's sales tax rate of 9.25% is lower than the state average of 9.75%, helping to keep overall expenses down. With a great selection of restaurants and shops, 38455 Elkton offers plenty of options at reasonable prices. Between low housing costs and reasonable daily expenses, there's no doubt that the cost of living in 38455 Elkton is one of its major selling points.