Cost of Living in Baxter, TN
Housing
The housing market plays a significant role in determining the cost of living in Baxter, TN.
- Housing Index: 90.0 / 100
- Median Home Price is: $246,000
- Average Rent (2 BR Apartment): $800 per month
- Average Rent (2 BR House): $854 per month
Considering a move to Baxter, TN? The housing index is a manageable 90.0, indicating affordability in the market. With a median home price of 246000, purchasing a home may be a practical choice. Rent is also reasonable, with the average rent for a 2-bedroom apartment at 800 and for a house at 854. It's worth noting that cities with a housing index below 100 typically offer better purchasing power compared to national averages. Therefore, this could be an intelligent decision for those seeking stability in their housing costs.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Baxter, 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 Baxter, 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 Baxter is a financially viable option for your relocation.