Housing costs in Palmer?
A typical home costs
$109,200, which is 67.7% less expensive than the national average of
$338,100 and 60.6% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Palmer costs
$880 per month, which is 38.5% cheaper than the national average of
$1,430 and 21.6% cheaper than the state average of
$1,070.
Can I afford Palmer?
To live comfortably in Palmer (zip 37365), Tennessee, a minimum annual income of
$20,880 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Palmer?
The cost of living in 37365 Palmer, TN is relatively low compared to many other areas in the United States. According to bestplaces.net, the overall cost of living index for this zip code is about 81, which is 19% lower than the U.S. average. The median home value in the area is also lower than other locations across the country at $130,000, and utilities are slightly below average too. This makes it an attractive place to live for those looking to save money on their everyday expenses and necessities.