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Cost of Living in ZIP 38951

Is it better to rent or buy in ZIP 38951? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

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

$47,384
$832/mo

Median in area: $832

$89,912

Median in area: $89,912

$17,982

If you Rent

$1,029 /mo
Base Rent$832
Est. Utilities$197
% of Income26.1%
Pre-tax Residual$2,920

If you Buy

$786 /mo
P&I (6.992%)$478
Taxes & Ins$111
Est. Utilities$197
% of Income19.9%
Pre-tax Residual$3,163

Cost of Living FAQs

Is it cheaper to rent or buy in ZIP 38951?›

Based on median housing data, buying is currently more affordable on a monthly basis in ZIP 38951. The estimated all-in monthly cost for renting is $1,029, while owning a median-priced home with a 20% down payment is roughly $786 per month (a difference of $243).

How much do utilities cost in ZIP 38951?›

The average monthly utility cost (electricity and natural gas) for a typical home in ZIP 38951 is approximately $197. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in ZIP 38951?›

To comfortably afford the median rent and utilities in ZIP 38951 without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $41,160 per year.