Housing costs in Madisonville?
A typical home costs
$221,000, which is 34.6% less expensive than the national average of
$338,100 and 20.3% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Madisonville 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 Madisonville?
To live comfortably in Madisonville (zip 37354), Tennessee, a minimum annual income of
$42,480 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Madisonville?
The cost of living in Madisonville, TN is relatively affordable, with the median home value standing at approximately $115,500. The cost of living index stands at 85.4, which is just below the national average of 100. Renters can expect to pay an average of around $650 for a one bedroom apartment, and groceries and other basic necessities are also reasonably priced. While the cost of living is low overall in Madisonville, taxes are slightly above-average due to the state’s higher sales tax rate. Additionally, transportation costs can be high due to limited public transportation options. Overall, living in Madisonville offers its residents a great quality of life for an affordable price.