Cost of Living in Bolivar, TN
Housing
The housing market plays a significant role in determining the cost of living in Bolivar, TN.
- Housing Index: 98.5 / 100
- Median Home Price is: $173,000
- Average Rent (2 BR Apartment): $1602 per month
- Average Rent (2 BR House): $1741 per month
Considering a move to Bolivar, TN? The housing index of 98.5 indicates a housing market that is relatively affordable. With median home prices at 173000 and average rents for a 2-bedroom apartment at 1602, the cost of living is manageable, especially compared to many urban centers. Average rent for a 2-bedroom house is slightly higher at 1741. This balance between rental and ownership costs makes Bolivar a suitable option for budget-conscious families or individuals looking to settle in a comfortable yet economical environment.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Bolivar, 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 Bolivar, 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 Bolivar is a financially viable option for your relocation.