Housing costs in Tellico Plains?
A typical home costs
$200,800, which is 40.6% less expensive than the national average of
$338,100 and 27.6% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Tellico Plains 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 Tellico Plains?
To live comfortably in Tellico Plains (zip 37385), Tennessee, a minimum annual income of
$38,520 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Tellico Plains?
The cost of living in Tellico Plains, TN (37385) is quite reasonable. According to the most recent Cost of Living Index, the city has an index score of 86.3, which is well below the national average of 100. This means that Tellico Plains is a relatively affordable place to live compared to other cities across the U.S. In terms of housing costs, the median home value for this area is roughly $130,000 and rent prices can be as low as $500 per month for a one-bedroom apartment; both figures are significantly lower than the national averages. Additionally, grocery prices tend to be slightly below average while utilities and transportation costs are not too high either. All in all, Tellico Plains makes for an affordable location to live in Tennessee.