Cost of Living in Chattanooga, TN
Housing
The housing market plays a significant role in determining the cost of living in Chattanooga, TN.
- Housing Index: 98.5 / 100
- Median Home Price is: $304,000
- Average Rent (2 BR Apartment): $1378 per month
- Average Rent (2 BR House): $1498 per month
Considering moving to Chattanooga, TN? With a housing index of 98.5, this area is relatively affordable compared to national averages, making it an attractive choice for homebuyers and renters alike. The median home price stands at 304000, while 2-bedroom apartment rents average at 1378, and houses at 1498. Additionally, you may find vital amenities like schools, parks, and shopping within a short distance. Assess your long-term financial plan to determine whether you'll benefit from buying or renting in this community.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Chattanooga, 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 Chattanooga, 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 Chattanooga is a financially viable option for your relocation.