Cost of Living in New market, TN
Housing
The housing market plays a significant role in determining the cost of living in New market, TN.
- Housing Index: 98.5 / 100
- Median Home Price is: $215,000
- Average Rent (2 BR Apartment): $1602 per month
- Average Rent (2 BR House): $1741 per month
Considering a move to New market, TN? The housing index stands at 98.5, indicating a below-average market, ideal for budget-conscious buyers and renters alike. With a median home price of 215000, it presents an accessible entry point for potential homeowners. Rental rates for a 2-bedroom apartment are about 1602, while a house averages 1741. This affordability opens doors for families and individuals looking to settle down in an inviting community. Additionally, factors like local amenities, schools, and employment opportunities should also influence your decision!
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in New market, 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 New market, 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 New market is a financially viable option for your relocation.