Housing costs in Lookout Mountain?
A typical home costs
$738,300, which is 118.4% more expensive than the national average of
$338,100 and 166.1% more expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Lookout Mountain costs
$1,120 per month, which is 4.7% more than the national average of
$1,070 and 4.5% more than the state average of
$1,070.
Can I afford Lookout Mountain?
To live comfortably in Lookout Mountain (zip 37350), Tennessee, a minimum annual income of
$141,480 for a family, and
$38,400 for a single person is recommended.
What does A.I. say about Lookout Mountain?
The cost of living in 37350 Lookout Mountain, TN is quite reasonable. The median home value is around $272,100, which is slightly higher than the US average of $229,700. However, the median household income is also higher than the US average at $73,853, providing plenty of buying power for residents of this area. Renters will find that the typical rent for a one-bedroom apartment in this area is around $1,000 per month. Additionally, groceries and other necessities tend to be reasonably priced compared to surrounding areas. All in all, 37350 Lookout Mountain offers its residents an affordable cost of living with plenty of amenities available nearby.