Cost of Living in Drummonds, TN
Housing
The housing market plays a significant role in determining the cost of living in Drummonds, TN.
- Housing Index: 98.5 / 100
- Median Home Price is: $150,000
- Average Rent (2 BR Apartment): $1602 per month
- Average Rent (2 BR House): $1741 per month
Based on the data provided for Drummonds, TN, the housing index is at an unusually low level of 98.5, suggesting a potentially stagnant real estate market. The median home price of 150000 indicates affordable entry-level housing; however, the average rent for both a 2-bedroom apartment and house are at 1602 and 1741, which signifies availability issues or a lack of rental options. This may not attract potential residents seeking rental opportunities. Consider the overall economic and job growth trends in Drummonds to make a more informed decision before relocating.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Drummonds, 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 Drummonds, 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 Drummonds is a financially viable option for your relocation.