MURFREESBORO, TN - Residents in Murfreesboro, Tennessee face a hefty financial burden as recent data from doxoINSIGHTS reveals that their annual bills surpass the national average by $1,708. While this amount might seem inconspicuous on a yearly scale, breaking it down to $142 per month unveils its impact. For many, this difference can mean the ability to conquer a full grocery shopping trip or face its absence. 

According to doxoINSIGHTS' report, the average household in Murfreesboro shells out $2,189 monthly, accumulating to a staggering $26,265 annually, ranking the city as the 12th most expensive in Tennessee for household expenses. Moreover, Murfreesboro's household expenses stand 7% higher than the national average. This financial strain becomes evident when considering that these bills constitute 40% of annual household incomes.

The average monthly mortgage payment in the city is $1,366, but with the local real estate market mostly above the $400,000 mark, actual payments are substantially higher. The real estate numbers being higher in recent years is felt especially hard for new residents who are buying a home in the 'Boro for the first time. For instance, a home priced at $369,000 with 20% down incurs a $2,407 monthly cost, while a 10% down payment raises it to $2,870. These sample numbers include insurance and property taxes.