Calculate using real Murfreesboro data. Median home price: $350,000. Property tax rate: 0.65%.
Murfreesboro, TN has a cost of living index of 95, where 100 represents the national average. This means living in Murfreesboro is 5% less expensive the national average.
The median household income in Murfreesboro, TN is $62,847. Combined with a cost of living index of 95, this provides a picture of purchasing power in the area.
The median home price in Murfreesboro, TN is $350,000 with a property tax rate of 0.65%. Monthly housing costs (mortgage + taxes + insurance) on a median-priced home would be approximately $2,109.