Cost of Living in Kingsport, TN
Housing
The housing market plays a significant role in determining the cost of living in Kingsport, TN.
- Housing Index: 85.0 / 100
- Median Home Price is: $240000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1300 per month
In your search for a home in Kingsport, TN, the housing index stands at 85.0, indicating a relatively affordable market. With a median home price of 240000, purchasing property may be a viable option compared to renting. Average rents are also notably modest, at 1200 for a 2-bedroom apartment and 1300 for a house, which points to a balanced rental landscape. Consider the long-term investment of homebuying versus the flexibility of renting, as trends suggest housing markets could fluctuate.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Kingsport, 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 Kingsport, 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 Kingsport is a financially viable option for your relocation.