Cost of Living in Lewisburg, TN
Housing
The housing market plays a significant role in determining the cost of living in Lewisburg, TN.
- Housing Index: 98.5 / 100
- Median Home Price is: $236,000
- Average Rent (2 BR Apartment): $1602 per month
- Average Rent (2 BR House): $1741 per month
Based on the current data, Lewisburg, TN presents a promising opportunity for homebuyers with a median home price at 236000. However, the housing index and average rents for both 2-bedroom apartments and houses are showing at zero, which could indicate limited rental availability. This suggests that if you value homeownership over renting, it might be advantageous to consider purchasing property here. It's essential to assess local market trends and economic factors, as fluctuating demand could further influence these figures in the coming months.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lewisburg, 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 Lewisburg, 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 Lewisburg is a financially viable option for your relocation.