Cost of Living in Waverly, TN

Housing

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

• Housing Index: 85.0 / 100
• Median Home Price is: $200000
• Average Rent (2 BR Apartment): $1000 per month
• Average Rent (2 BR House): $1025 per month

Considering moving to Waverly, TN? With a housing index of 85.0, the affordability of both renting and buying seems feasible for many. The median home price stands at 200000, which is relatively moderate compared to national averages. Renting options include 2-bedroom apartments averaging 1000 and houses at 1025. Furthermore, look into job opportunities and local amenities to enhance your decision. Overall, the costs suggest a likely balanced lifestyle with room for financial flexibility in housing choices.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Waverly, 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 Waverly, 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 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: 90.5

Median Income

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

• Median Income: $43750

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 Waverly, 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.