Housing costs in Pelham?
A typical home costs
$185,700, which is 45.1% less expensive than the national average of
$338,100 and 33.1% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Pelham costs
$940 per month, which is 34.3% cheaper than the national average of
$1,430 and 13.8% cheaper than the state average of
$1,070.
Can I afford Pelham?
To live comfortably in Pelham (zip 37366), Tennessee, a minimum annual income of
$35,640 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Pelham?
The cost of living in 37366 Pelham, TN is generally quite affordable. The average home price in the area is around $130,000, which is well below the national median. Rent prices are also relatively inexpensive, averaging between $750 and $925 for a one-bedroom apartment. Groceries, health care and transportation costs are all very reasonable. There is no personal or corporate income tax in Tennessee, which helps keep overall costs down as well. All in all, Pelham offers an excellent quality of life at an affordable cost.