Cost of Living in Hendersonville, TN
Housing
The housing market plays a significant role in determining the cost of living in Hendersonville, TN.
- Housing Index: 95.0 / 100
- Median Home Price is: $386000
- Average Rent (2 BR Apartment): $1500 per month
- Average Rent (2 BR House): $1600 per month
When considering a move to Hendersonville, TN, the current housing index of 95.0 indicates a relatively balanced market. The median home price of 386000 may offer a good long-term investment, especially given the average rent for a 2-bedroom apartment at 1500 and a house at 1600. Renting can be quite competitive, suggesting that buying might be more advantageous in the long run for families or individuals planning to stay. Additionally, consider nearby amenities and job opportunities, which can greatly impact your lifestyle satisfaction in the area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hendersonville, 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 Hendersonville, 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 Hendersonville is a financially viable option for your relocation.