Cost of Living in Norris, TN
Housing
The housing market plays a significant role in determining the cost of living in Norris, TN.
- Housing Index: 98.5 / 100
- Median Home Price is: $210,000
- Average Rent (2 BR Apartment): $1602 per month
- Average Rent (2 BR House): $1741 per month
Considering moving to Norris, TN? The median home price at 210000 suggests a moderate entry point into home ownership compared to national averages. However, the housing index of 98.5 and the reported average rent rates for a 2-bedroom apartment and house being both at zero indicates potential concerns in rental activity or market stability. It may be wise to further investigate local employment opportunities, amenities, and community resources before making a decision, as these factors can significantly influence living standards and property values in the area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Norris, 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 Norris, 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 Norris is a financially viable option for your relocation.