Housing costs in Mercer?
A typical home costs
$139,800, which is 58.7% less expensive than the national average of
$338,100 and 49.6% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Mercer costs
$780 per month, which is 45.5% cheaper than the national average of
$1,430 and 37.2% cheaper than the state average of
$1,070.
Can I afford Mercer?
To live comfortably in Mercer (zip 38392), Tennessee, a minimum annual income of
$26,640 for a family, and
$23,600 for a single person is recommended.
What does A.I. say about Mercer?
The cost of living in 38392 Mercer, TN is very reasonable. The median home value is $37,200 and the median rent price is $735. Groceries are also relatively inexpensive, with the average household spending only $467 a month on groceries. Utilities such as electricity, water, gas, and trash removal are also quite affordable. The overall cost of living in this area is around 11% less than the national average making it an attractive place to live for those looking for a lower cost of living.