Housing costs in Somerville?
A typical home costs
$230,100, which is 31.9% less expensive than the national average of
$338,100 and 17.1% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Somerville costs
$850 per month, which is 20.6% cheaper than the national average of
$1,070 and 20.0% cheaper than the state average of
$1,020.
Can I afford Somerville?
To live comfortably in Somerville (zip 38068), Tennessee, a minimum annual income of
$43,920 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Somerville?
The cost of living in 38068 Somerville, TN is relatively low compared to other parts of the country. The median home value in Somerville is around $69,400 which is much lower than the national average. Housing costs are also very affordable, with a median rent of just $657 per month. Additionally, basic utilities can be purchased for an estimated monthly cost of $99 and groceries are similarly inexpensive with a grocery index score of 92.2 out of 100. All in all, 38068 Somerville is an affordable city for those who wish to relocate or retire on a budget.