Housing costs in Spencer?
A typical home costs
$143,900, which is 57.4% less expensive than the national average of
$338,100 and 48.1% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Spencer costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 30.5% cheaper than the state average of
$1,070.
Can I afford Spencer?
To live comfortably in Spencer (zip 38585), Tennessee, a minimum annual income of
$27,720 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Spencer?
The cost of living in 38585 Spencer, TN is relatively low compared to other cities. The median home value is $91,300, which is much lower than the U.S. average of $196,500. Additionally, the median household income is around $35,000 which is also much lower than the national average of $59,039. Furthermore, groceries and other goods are slightly cheaper than other parts of Tennessee. For these reasons, 38585 Spencer is an affordable place to live for those looking for a more rural lifestyle.