Safe Rate Local

Cost of Living in ZIP 37220

Is it better to rent or buy in ZIP 37220? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

← Back to ZIP 37220 Hub

Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$161,468
$1,875/mo

Median in area: $1,875

$866,023

Median in area: $866,023

$173,205

If you Rent

🔑
$2,105 /mo
Base Rent$1,875
Est. Utilities$230
% of Income15.6%
Pre-tax Residual$11,351

If you Buy

🏠
$5,206 /mo
P&I (6.55%)$4,402
Taxes & Ins$574
Est. Utilities$230
% of Income38.7%
Pre-tax Residual$8,250

Compare Nearby Areas

See how ZIP 37220 stacks up against neighboring areas.

ZIP37215
$2,160/mo
ZIP37205
$2,178/mo
ZIP37204
$1,812/mo
ZIP37212
$1,661/mo
ZIP37219
$2,066/mo
ZIP37201
$2,035/mo
ZIP37202
$2,181/mo
ZIP37206
$1,850/mo
ZIP37203
$1,758/mo

Cost of Living FAQs

Is it cheaper to rent or buy in ZIP 37220?›

Based on median housing data, renting is currently more affordable on a monthly basis in ZIP 37220. The estimated all-in monthly cost for renting is $2,105, while owning a median-priced home with a 20% down payment is roughly $5,206 per month (a difference of $3,101).

How much do utilities cost in ZIP 37220?›

The average monthly utility cost (electricity and natural gas) for a typical home in ZIP 37220 is approximately $230. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in ZIP 37220?›

To comfortably afford the median rent and utilities in ZIP 37220 without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $84,200 per year.