Cost of Living in Corryton, TN
Housing
The housing market plays a significant role in determining the cost of living in Corryton, TN.
- Housing Index: 98.5 / 100
- Median Home Price is: $282,000
- Average Rent (2 BR Apartment): $1602 per month
- Average Rent (2 BR House): $1741 per month
Considering the data for Corryton, TN, it's evident that the median home price stands at 282000. However, the housing index indicates a possible lack of rental options or disinterest, as it shows a scale of 0. With average rents for 2-bedroom apartments and houses also recorded as 0.0, it may suggest that renting might not be a viable option in this area. Keep in mind that typical home affordability standards recommend spending no more than 30% of your income on housing; thus, potential buyers should evaluate their financial readiness accordingly.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Corryton, 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 Corryton, 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 Corryton is a financially viable option for your relocation.