Cost of Living in Mount juliet, TN

Housing

The housing market plays a significant role in determining the cost of living in Mount juliet, TN.

• Housing Index: 95.0 / 100
• Median Home Price is: $364000
• Average Rent (2 BR Apartment): $1600 per month
• Average Rent (2 BR House): $1600 per month

Considering the housing landscape in Mount juliet, TN, we see a housing index of 95.0, indicating a relatively stable market. The median home price of 364000 suggests it remains an attractive option for homeownership despite rental costs averaging 1600 for a 2-bedroom apartment and 1600 for a 2-bedroom house. If you prioritize affordability, the current rental yields small savings compared to buying. It's also worth noting that areas with similar indexes may offer a variety of amenities and services enhancing your quality of life, further warranting your decision.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Mount juliet, 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 Mount juliet, 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 100.3

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $108066

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Mount juliet, TN, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.