Visited a friend in backwoods Tennessee recently, wonderful place, I need to figure out if I could swing it.
If I could just figure out how to live comfy and get my monthly expenses (including transportation, *taxes*, etc) below 2K/mo, I would so kiss the rat race goodbye.
(Sadly, while my house is paid off, between insurance and TX property taxes, my house isn’t paid off, Tax/Ins is 5K+ a year, and I don’t have a McMansion)
Where I live, taxes on a home like mine with the acreage are around $500 annually. Less if you are over 65. And the monthly payment on a 15 year mortgage is about twice that.
Of course, we have our $100 a month power bill, including HVAC air conditioning, and our $25 a month water bill. So it’s not free.
Oh, and insurance is a bit high since the nearest fire hydrant is five miles away. That will run you around $100 a month or a little less.
But you do the math...