Housing costs in Erin?
A typical home costs
$167,700, which is 50.4% 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 Erin costs
$1,060 per month, which is 25.9% cheaper than the national average of
$1,430 and close to the state average of
$1,070.
Can I afford Erin?
To live comfortably in Erin (zip 37061), Tennessee, a minimum annual income of
$32,040 for a family, and
$34,400 for a single person is recommended.
What does A.I. say about Erin?
The cost of living in 37061 Erin, TN is quite affordable compared to other areas in the country. According to Sperling's Best Places, the cost of living index for the area is 81.5 which is considerably lower than the national average of 100. The median home value for the area is $108,400 and the median rent price is $678 per month; both are significantly lower than most cities in the US. In terms of utilities, a monthly bill for electricity is on average $99 and it's about $71 for natural gas. Goods and services are also relatively inexpensive with an average grocery bill at around $300 per month. All these prices make living in 37061 Erin, TN a very attractive option for those looking for a more affordable lifestyle.