Cost of Living in Gainesboro, TN
Housing
The housing market plays a significant role in determining the cost of living in Gainesboro, TN.
- Housing Index: Data is updating
- Median Home Price is: $185,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
In Gainesboro, TN, the real estate market presents an attractive opportunity with a median home price of 185000 and a housing index of 0.0. However, the absence of available data regarding average rents for both 2-bedroom apartments and houses, currently at 0.0 and 0.0, suggests potential challenges for rental availability. On the other hand, purchasing property seems favorable due to its relative affordability. Before making a decision, consider the future economic growth, job opportunities, and amenities in Gainesboro that could enhance your living experience.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Gainesboro, 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.): Data is updating
Living in Gainesboro, 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 data unavailable 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 Gainesboro is a financially viable option for your relocation.