Cost of Living in Gallatin, TN
Housing
The housing market plays a significant role in determining the cost of living in Gallatin, TN.
- Housing Index: 110.5 / 100
- Median Home Price is: $398000
- Average Rent (2 BR Apartment): $1500 per month
- Average Rent (2 BR House): $1600 per month
In analyzing the data for Gallatin, TN, which boasts a population of , we find a median age of and a median income level of . With 37% of households composed of married families, it suggests a community-oriented lifestyle. However, the poverty level stands at , indicating some socio-economic challenges. Additionally, an unemployment rate of points to a relatively stable job market. These factors should strongly influence your decision-making, particularly if you value community and economic stability as priorities in your potential new home.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Gallatin, 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 Gallatin, 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 Gallatin is a financially viable option for your relocation.