Housing costs in New Market?
A typical home costs
$234,500, which is 30.6% less expensive than the national average of
$338,100 and 15.5% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in New Market costs
$760 per month, which is 29.0% cheaper than the national average of
$1,070 and 7.9% cheaper than the state average of
$820.
Can I afford New Market?
To live comfortably in New Market (zip 37820), Tennessee, a minimum annual income of
$45,000 for a family, and
$23,200 for a single person is recommended.
What does A.I. say about New Market?
The cost of living in 37820 New Market, TN is relatively low compared to other areas of the country. The median home value for a single family home in the area is $231,000, which is much lower than the national average of $289,000. The median household income is also slightly below the national average at $64,902. Grocery and miscellaneous goods costs are also lower than in many other cities, with food costing around 12% less and other goods costing around 5% less. Gas prices are also reasonable, typically ranging from 2-3% lower than the national average. All in all, 37820 New Market provides residents with a relatively low cost of living that can make it an attractive place to live.