Toms Place renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Toms Place is about $965 per month. This puts it in the 19th percentile compared to the state average cost of rent, which is $1,958. Households in Toms Place have a median income of $5,263 per month so the average renter in Toms Place is spending roughly 18% of their earnings on housing.
Nationally, and in Toms Place, home values are the data point most closely correlated with the cost of rent. The median price of a home in Toms Place is $251,000 right now, which is lower than nearby cities, meaning that rents in Toms Place also tend to be lower versus these nearby cities.
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