Cost of Living in Ooltewah, TN
Housing
The housing market plays a significant role in determining the cost of living in Ooltewah, TN.
- Housing Index: 98.5 / 100
- Median Home Price is: $324,000
- Average Rent (2 BR Apartment): $1931 per month
- Average Rent (2 BR House): $2099 per month
Considering the data for Ooltewah, TN, the housing index appears to be at an unexplained 0.0, indicating a potential lack of rental and sales activity. With a median home price of 324000, buyers may find a favorable entry point into the housing market. However, the absence of average rent data for both 2BR apartments and houses suggests a lack of rental options, which could lead to increased demand if properties are limited. It's essential to research local economic factors as well, including job growth and amenities, to make an informed decision about relocating.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Ooltewah, 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 Ooltewah, 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 Ooltewah is a financially viable option for your relocation.