Housing costs in Collinwood?
A typical home costs
$118,300, which is 65.0% less expensive than the national average of
$338,100 and 57.4% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Collinwood costs
$750 per month, which is 47.6% cheaper than the national average of
$1,430 and 42.7% cheaper than the state average of
$1,070.
Can I afford Collinwood?
To live comfortably in Collinwood (zip 38450), Tennessee, a minimum annual income of
$22,680 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Collinwood?
The cost of living in 38450 Collinwood, TN is relatively low. According to the United States Census Bureau, the median household income in Collinwood is $44,347, which is significantly lower than both the Tennessee and national averages. This allows for a relatively low cost of living; housing prices are below average compared to most of the state and groceries and other necessities are also quite affordable. Tax rates also remain very low in Collinwood, making it an attractive place to live for those who prefer a more rural lifestyle but still want to keep their costs down.