Housing costs in Midway?
A typical home costs
$155,200, which is 54.1% less expensive than the national average of
$338,100 and 44.1% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Midway costs
$720 per month, which is 32.7% cheaper than the national average of
$1,070 and 4.2% cheaper than the state average of
$750.
Can I afford Midway?
To live comfortably in Midway (zip 37809), Tennessee, a minimum annual income of
$29,880 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Midway?
The cost of living in 37809 Midway, TN is relatively low compared to other cities and towns across the country. The median home price is around $184,000, which is significantly lower than the national average. The overall cost of living index is estimated to be 78, which means that it is 22 points lower than the US average. In addition to the housing market being relatively inexpensive, utilities are also quite reasonable with electricity and natural gas costing about 6% less than the national average. Additionally, groceries and health care costs are both about 8% lower than in other parts of the United States. This makes Midway a great place for anyone who wants an affordable place to live without sacrificing quality of life.