Cost of Living in Murfreesboro, TN

Housing

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

• Housing Index: 90.0 / 100
• Median Home Price is: $301000
• Average Rent (2 BR Apartment): $1350 per month
• Average Rent (2 BR House): $1200 per month

Considering the data for Murfreesboro, TN, the housing index of 90.0 indicates a reasonable cost of living in relation to the area. With a median home price of 301000, homeownership could be an attractive option for many. Alternatively, the average rent for a 2-bedroom apartment at 1350 and a house at 1200 provides flexibility for renters in this market. Overall, these figures suggest a balance between affordability and housing options, a potential boon for those planning to relocate.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Murfreesboro, 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 Murfreesboro, 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: 95.0

Median Income

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

• Median Income: $70451

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 Murfreesboro, 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.