Housing costs in Oliver Springs?
A typical home costs
$194,800, which is 42.4% less expensive than the national average of
$338,100 and 29.8% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Oliver Springs costs
$950 per month, which is 11.2% cheaper than the national average of
$1,070 and 17.9% cheaper than the state average of
$1,120.
Can I afford Oliver Springs?
To live comfortably in Oliver Springs (zip 37840), Tennessee, a minimum annual income of
$37,440 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Oliver Springs?
The cost of living in 37840 Oliver Springs, TN is relatively low compared to other parts of the state. The median household income is around $35,700, which is below the national average. Property taxes are also quite low, with the current tax rate being less than 1%. Housing costs are also quite reasonable, with the median home value being about $108,000. In addition to this, groceries and utilities can be purchased for very little money in the area. All in all, 37840 Oliver Springs provides a great quality of life at an affordable price.