The housing market plays a significant role in determining the cost of living in Lexington, TN.
Considering a move to Lexington, TN? The housing index currently stands at 0.0, which suggests a competitive market. The median home price is relatively affordable at 198000, making it an attractive option for buyers. However, it's worth noting that average rents for 2-bedroom apartments and houses are both at 0.0 and 0.0 respectively, indicating potential challenges for renters. Evaluate the amenities and location desirability alongside these figures to ensure a well-rounded decision. Remember, quality of life factors are just as important as the numbers.
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lexington, TN.
Living in Lexington, 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 0.0 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 Bethlehem is a financially viable option for your relocation.
The cost of living index is a widely used metric to determine the relative affordability of cities and towns.
The median income is an important factor to consider when evaluating the affordability of a city or town.
Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.
When considering a move to Lexington, TN, consider the following factors: