Cost of Living in Tennessee ridge, TN
Housing
The housing market plays a significant role in determining the cost of living in Tennessee ridge, TN.
- Housing Index: 90.0 / 100
- Median Home Price is: $192,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1200 per month
When considering a move to Tennessee ridge, TN, it's essential to analyze the current housing market. With a housing index of 90.0, indicates it may be a buyer's market compared to national averages. The median home price at 192000 suggests affordability, especially if you're looking for long-term investments. Renting remains an attractive option, with both average rents for a 2-bedroom apartment and house at 1200 and 1200 respectively. It’s crucial to weigh these options based on your lifestyle and financial goals to make an informed decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Tennessee ridge, 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.): $200 per month
Living in Tennessee ridge, 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 $200 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 Tennessee ridge is a financially viable option for your relocation.