Cost of Living in Cumberland gap, TN
Housing
The housing market plays a significant role in determining the cost of living in Cumberland gap, TN.
- Housing Index: 98.5 / 100
- Median Home Price is: $162,000
- Average Rent (2 BR Apartment): $1602 per month
- Average Rent (2 BR House): $1741 per month
Based on the provided data, Cumberland gap, TN presents an enticing opportunity for home buyers with a median home price of 162000. Despite lacking specifics on housing and rental indexes, the affordability of purchasing a home in this area may be advantageous. If you're searching for budget-friendly living options, you might consider this locality. To make an informed decision, however, comparing surrounding cities and understanding neighborhood amenities may prove essential. Overall, Cumberland gap could represent a valuable consideration for potential homeowners looking for competitive prices.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Cumberland gap, 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 Cumberland gap, 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 Cumberland gap is a financially viable option for your relocation.