Cost of Living in Selmer, TN
Housing
The housing market plays a significant role in determining the cost of living in Selmer, TN.
- Housing Index: 85.0 / 100
- Median Home Price is: $180,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1200 per month
Based on the data for Selmer, TN, the housing index is relatively affordable at 85.0. With a median home price of 180000, homeownership can be an attractive option compared to renting. The average rent for both a 2-bedroom apartment and house stands at 1200. This mirrors the trend of stable rental prices, suggesting a consistent rental market. However, consider other factors such as local amenities, job opportunities, and overall lifestyle before making the move, as these will significantly impact your decision-making.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Selmer, 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.): $250 per month
Living in Selmer, 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 $250 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 Selmer is a financially viable option for your relocation.