Housing costs in Oak Ridge?
A typical home costs
$267,800, which is 20.8% less expensive than the national average of
$338,100 and 3.5% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Oak Ridge costs
$1,070 per month, which is 0.0% cheaper than the national average of
$1,070 and 4.7% cheaper than the state average of
$1,120.
Can I afford Oak Ridge?
To live comfortably in Oak Ridge (zip 37830), Tennessee, a minimum annual income of
$51,480 for a family, and
$35,200 for a single person is recommended.
What does A.I. say about Oak Ridge?
The cost of living in 37830 Oak Ridge, TN is relatively low compared to the national average. Housing costs in particular are quite affordable, with an average home price of around $150,000 making it a great option for first-time buyers. The area also has plenty of job opportunities available, meaning that the median household income can be expected to be higher than the rest of the country. Additionally, local taxes are relatively low, and goods and services tend to be priced competitively. All in all, 37830 Oak Ridge is an attractive option for those looking for an affordable place to call home.