Cost of Living in Denmark, TN
Housing
The housing market plays a significant role in determining the cost of living in Denmark, TN.
- Housing Index: Data is updating
- Median Home Price is: $178,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
In Denmark, TN, the housing market presents unique opportunities, particularly given that the median home price stands at 178000. However, with a housing index of 0.0, it suggests that market conditions are not currently conducive for rental options, as both average rent for a 2-bedroom apartment and house sit at 0.0 and 0.0 respectively, potentially indicating a lack of available properties. This combination could attract first-time homebuyers looking for affordability, yet it may deter renters seeking options. Consider long-term properties as investments in this evolving market.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Denmark, TN.
- Electricity Price: $12.57 USD (median by state)
- Natural Gas Price: $12.35 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Denmark, TN could entail higher utility costs. Electricity costs sit at $12.57, while natural gas is priced at $12.35 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Denmark is a financially viable option for your relocation.