Cost of Living in Bolivar, TN

Housing

The housing market plays a significant role in determining the cost of living in Bolivar, TN.

• Housing Index: 85.0 / 100
• Median Home Price is: $173000
• Average Rent (2 BR Apartment): $1000 per month
• Average Rent (2 BR House): $1024 per month

Considering a move to Bolivar, TN? The housing index of 85.0 indicates a housing market that is relatively affordable. With median home prices at 173000 and average rents for a 2-bedroom apartment at 1000, the cost of living is manageable, especially compared to many urban centers. Average rent for a 2-bedroom house is slightly higher at 1024. This balance between rental and ownership costs makes Bolivar a suitable option for budget-conscious families or individuals looking to settle in a comfortable yet economical environment.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Bolivar, 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 Bolivar, 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 92.3

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $36348

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Bolivar, TN, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.