Cost of Living in Troy, TN
Housing
The housing market plays a significant role in determining the cost of living in Troy, TN.
- Housing Index: Data is updating
- Median Home Price is: $112,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
When considering moving to Troy, TN, it’s noteworthy that the median home price is currently at a relatively low $112,000, indicating a potentially affordable housing market for buyers. However, the housing index, alongside average rent for both 2-bedroom apartments and houses, is currently at zero. This could suggest limited availability or a lack of data on rental properties in the area. It’s essential to explore more about local amenities, employment opportunities, and community traits, as they will heavily influence your decision-making beyond just pricing.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Troy, 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.): Data is updating
Living in Troy, 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 data unavailable 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 Troy is a financially viable option for your relocation.