Cost of Living in Grand junction, TN
Housing
The housing market plays a significant role in determining the cost of living in Grand junction, 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
Considering moving to Grand junction, TN? With a median home price of 150000, it's evident that purchasing a home is quite affordable, particularly when compared to other regions. However, the housing index holds steady at 98.5, indicating potential stagnation or lack of supply. The average rent for a 2-bedroom apartment and house are currently both at 1602 and 1741 respectively, suggesting a low rental market. Before making a decision, consider the amenities, job opportunities, and future development in the area, as these factors can influence your long-term satisfaction and property value.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Grand junction, 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 Grand junction, 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 Grand junction is a financially viable option for your relocation.