Zip 38573 (Monroe, TN) Cost of Living


0 Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.

Monroe cost of living score
81.3
Less expensive
18.7% lower
than the US average
9.6% lower
than the Tennessee average
Monroe (zip 38573), Tennessee gets a BestPlaces Cost of Living score of 81.3, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 18.7% lower than the U.S. average and 9.6% higher than the average for Tennessee.

Zip 38573 (Monroe, TN)

Housing costs in Monroe?
A typical home costs $218,500, which is 35.4% less expensive than the national average of $338,100 and 21.2% less expensive than the average Tennessee home, at $277,400. Renting a two-bedroom unit in Monroe costs $740 per month, which is 48.3% cheaper than the national average of $1,430 and 44.6% cheaper than the state average of $1,070.

Can I afford Monroe?
To live comfortably in Monroe (zip 38573), Tennessee, a minimum annual income of $41,760 for a family, and $26,000 for a single person is recommended.

What does A.I. say about Monroe?
The cost of living in 38573 Monroe, TN is quite affordable. Housing prices are relatively low compared to other parts of the country, with the average three bedroom home costing about $100,000. Utilities and other monthly expenses are also fairly low compared to most parts of the nation. Additionally, the area offers plenty of job opportunities as well as a variety of outdoor activities to enjoy. All in all, 38573 Monroe is an ideal and affordable place to live.
   Cost of living score
     CategoriesMonroeTennesseeUnited States
  81.389.9100.0
  93.695.4100
  131.1100.4100.0
  46.579.4100.0
  $218,500$277,400$338,100
  94.9%96.7%100.0%
  90.290.2100.0
  77.584.7100.0

   100=National Average

   Average Rent by Bedroom Size
Crime