Cost of Living in Spring city, TN
Housing
The housing market plays a significant role in determining the cost of living in Spring city, TN.
- Housing Index: 90.0 / 100
- Median Home Price is: $238,000
- Average Rent (2 BR Apartment): $800 per month
- Average Rent (2 BR House): $840 per month
Considering a move to Spring city, TN? With a housing index of 90.0, the affordability of living here is commendable. The median home price of 238000 offers a feasible entry point for homebuyers, while renters can find a 2-bedroom apartment for about 800 or a house for approximately 840. This affordable living may attract families or young professionals seeking proximity to job centers and good schools. Additionally, it’s worth noting that housing prices nationwide have been rising, making this locale an appealing option for long-term investment.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Spring 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.): $200 per month
Living in Spring 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 $200 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 Spring city is a financially viable option for your relocation.