Housing costs in Summertown?
A typical home costs
$232,600, which is 31.2% less expensive than the national average of
$338,100 and 16.1% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Summertown costs
$930 per month, which is 13.1% cheaper than the national average of
$1,070 and 17.2% more than the state average of
$770.
Can I afford Summertown?
To live comfortably in Summertown (zip 38483), Tennessee, a minimum annual income of
$44,640 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Summertown?
The cost of living in 38483 Summertown, TN is relatively low compared to other cities in the United States. The median home price is $176,600 and the average rent for a two-bedroom apartment is around $746 per month. The monthly utility bills are quite competitive, with an electric bill averaging around $87 and a water bill costing around $36 per month. Grocery prices are also low and residents can expect to pay around $40 for a pound of chicken or beef. Overall, living costs in 38483 Summertown, TN are quite reasonable and affordable for most people.