Housing costs in Loretto?
A typical home costs
$203,500, which is 39.8% less expensive than the national average of
$338,100 and 26.6% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Loretto costs
$780 per month, which is 27.1% cheaper than the national average of
$1,070 and close to the state average of
$770.
Can I afford Loretto?
To live comfortably in Loretto (zip 38469), Tennessee, a minimum annual income of
$38,880 for a family, and
$23,600 for a single person is recommended.
What does A.I. say about Loretto?
The cost of living in 38469 Loretto, TN is quite affordable compared to other areas of the country. The median home price in this area is just under $120,000, which is significantly lower than the national average of around $200,000. Additionally, the unemployment rate in this area is only 3.6%, meaning that there are plenty of job opportunities available for those looking to move to the area. Basic necessities such as food and utilities are also well-priced, so individuals and families can enjoy a comfortable life without breaking their budget.