Housing costs in Lakeland?
A typical home costs
$380,100, which is 12.4% more expensive than the national average of
$338,100 and 37.0% more expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Lakeland costs
$1,480 per month, which is 38.3% more than the national average of
$1,070 and 31.1% more than the state average of
$1,020.
Can I afford Lakeland?
To live comfortably in Lakeland (zip 38002), Tennessee, a minimum annual income of
$72,720 for a family, and
$52,000 for a single person is recommended.
What does A.I. say about Lakeland?
The cost of living in 38002 Lakeland, TN is relatively low compared to the national average. The median home price is around $136,000 which is much lower than the US median home cost of over $200,000. Additionally, the median household income in Lakeland is lower at just over $40,000 a year. Groceries and healthcare costs are also below the national average. The cost of transportation is similar to other areas of Tennessee, which include car maintenance costs and gas prices that are all slightly below the rest of the state. All in all, residents of 38002 Lakeland enjoy a low cost of living with plenty of amenities to make their lives more convenient.