Cost of Living in Ardmore, TN
Housing
The housing market plays a significant role in determining the cost of living in Ardmore, TN.
- Housing Index: 98.5 / 100
- Median Home Price is: $218,000
- Average Rent (2 BR Apartment): $1602 per month
- Average Rent (2 BR House): $1741 per month
Considering a move to Ardmore, TN? The median home price stands at a reasonable 218000, indicating potential affordability in the market. However, the housing index appears to be at 0.0, suggesting challenges in the housing market such as limited options for rentals or purchases. Without averages for 2-bedroom apartments and houses, it's essential to research further about available inventories. Factoring in local amenities, school districts, and future developments could greatly influence your decision. Weighing these elements is crucial in determining if Ardmore suits your needs for both living space and lifestyle.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Ardmore, 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.): $238 per month
Living in Ardmore, 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 $238 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 Ardmore is a financially viable option for your relocation.