Cost of Living in Lenoir city, TN
Housing
The housing market plays a significant role in determining the cost of living in Lenoir city, TN.
- Housing Index: 90.0 / 100
- Median Home Price is: $295,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1280 per month
Relocating to Lenoir city, TN may indicate an attractive housing experience, with a solid housing index of 90.0, suggesting relatively affordable conditions compared to national averages. The median home price is set at 295000, offering a reasonable entry point for homeownership. Meanwhile, rents for a 2-bedroom apartment average around 1200, with slightly higher rates for 2-bedroom houses at 1280. Consider the balance between renting and buying, alongside potential lifestyle factors such as job opportunities and community amenities, for a well-rounded decision on your move.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lenoir city, 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.): $210 per month
Living in Lenoir city, 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 $210 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 Lenoir city is a financially viable option for your relocation.