Cost of Living in Sewanee, TN
Housing
The housing market plays a significant role in determining the cost of living in Sewanee, TN.
- Housing Index: 85.0 / 100
- Median Home Price is: $350,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1240 per month
Considering a move to Sewanee, TN? With a housing index of 85.0, this location provides a favorable environment for potential homeowners and renters alike. The median home price stands at 350000, which indicates a moderate investment for many buyers. Renting a 2-bedroom apartment averages around 1200, while a 2-bedroom house is slightly more at 1240. Overall, the competitiveness of the housing market combined with relatively affordable rents makes Sewanee an attractive option for families or young professionals seeking a new community.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Sewanee, 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 Sewanee, 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 Sewanee is a financially viable option for your relocation.