Cost of Living in Lawrenceburg, TN
Housing
The housing market plays a significant role in determining the cost of living in Lawrenceburg, TN.
- Housing Index: 85.0 / 100
- Median Home Price is: $195,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1285 per month
Considering a move to Lawrenceburg, TN? With a housing index of 85.0, it presents an affordable option for homebuyers and renters alike. The median home price sits at 195000, which is quite reasonable compared to larger metropolitan areas, while the average rent for a two-bedroom apartment is 1200 and 1285 for a similar house. This blend of affordability and accessibility indicates that you can expect stability in housing costs, providing a solid foundation for future investment. Overall, it could be an attractive choice for families and individuals looking to relocate.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lawrenceburg, 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.): $220 per month
Living in Lawrenceburg, 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 $220 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 Lawrenceburg is a financially viable option for your relocation.