Housing costs in Chattanooga?
A typical home costs
$130,100, which is 61.5% less expensive than the national average of
$338,100 and 53.1% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Chattanooga costs
$930 per month, which is 13.1% cheaper than the national average of
$1,070 and 15.1% cheaper than the state average of
$1,070.
Can I afford Chattanooga?
To live comfortably in Chattanooga (zip 37406), Tennessee, a minimum annual income of
$24,840 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about Chattanooga?
The cost of living in 37406 Chattanooga, TN is quite reasonable. The overall cost of living index is slightly lower than the national average, and the median household income is higher than most of the cities in Tennessee. Rent prices remain affordable in comparison to other popular cities in the region, and there are also plenty of grocery stores, entertainment venues, and restaurants to choose from. Additionally, transportation costs are relatively low thanks to the city's extensive public transit system. All these factors make 37406 Chattanooga a great place to live with an affordable cost of living.