Executive Financial Report: Five Points (38457)
Navigating the local economic landscape in Five Points (38457) reveals an average baseline monthly cost of living of approximately $2,824 for single individuals. This comprehensive benchmark reflects essential housing, food, tax, and healthcare commitments.
With typical rent and housing utilities averaging an affordable $520 per month—just 18% of baseline expenses—Five Points offers exceptionally competitive housing costs compared to wider metropolitan averages across Tennessee.
Local earnings in Five Points (38457) demonstrate strong purchasing power. The area median family income of $54,853 significantly exceeds the annual baseline living threshold ($33,893.408) by a ratio of 1.62x. This economic buffer allows local households to comfortably absorb inflationary spikes and build long-term wealth.
Tax obligations represent roughly 13% ($363/month) of baseline monthly spending in zip code 38457. TN residents benefit from zero state personal income tax, helping offset federal tax obligations. Meanwhile, essential groceries average $260 monthly for single adults.
In summary, living in Five Points, TN requires balancing local real estate conditions with prevailing regional wage structures. Use the interactive calculator below to adjust these benchmarks for multi-person family households or compare 38457 against other US destinations.