Cost of Living in Erwin, TN
Housing
The housing market plays a significant role in determining the cost of living in Erwin, TN.
- Housing Index: 85.0 / 100
- Median Home Price is: $228,000
- Average Rent (2 BR Apartment): $1150 per month
- Average Rent (2 BR House): $1200 per month
Considering a move to Erwin, TN? The housing index of 85.0 indicates an affordable market compared to national averages. With a median home price of 228000, purchasing a home here could be a valuable investment. Renting, however, is also a reasonable option with average rates of 1150 for a 2-bedroom apartment and 1200 for a house. As a prospective resident, it's essential to weigh these costs with local job opportunities and amenities, which can greatly influence your living experience. Keep these factors in mind as you make your decision!
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Erwin, 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.): $220 per month
Living in Erwin, 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 $220 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 Erwin is a financially viable option for your relocation.