Cost of Living in Millington, TN
Housing
The housing market plays a significant role in determining the cost of living in Millington, TN.
- Housing Index: 0.0 / 100
- Median Home Price is: $304000
- Average Rent (2 BR Apartment): $0.0 per month
- Average Rent (2 BR House): $0.0 per month
When considering a move to Millington, TN, it's crucial to note the housing market dynamics. The median home price currently sits at 304000, presenting an enticing opportunity for homebuyers. However, with a housing index of 0.0, this could imply potential challenges such as supply shortages or high demand. Unfortunately, the average rent for both a 2-bedroom apartment and house is currently at 0.0 and 0.0 respectively, indicating a unique situation where ownership might be more favorable than renting locally. Consider these factors carefully to ensure a well-informed decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Millington, 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.): $0.0 per month
Living in Millington, 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 Millington is a financially viable option for your relocation.