Cost of Living in Pelham, TN
Housing
The housing market plays a significant role in determining the cost of living in Pelham, TN.
- Housing Index: 98.5 / 100
- Median Home Price is: $156,000
- Average Rent (2 BR Apartment): $1602 per month
- Average Rent (2 BR House): $1741 per month
Analyzing the data for Pelham, TN, it appears that the housing market is currently quite favorable with a median home price of 156000. However, the housing index suggests a potential instability or lack of available rental options, evidenced by an average rent of $0 for both a 2-bedroom apartment and house. This might indicate limited supply or the early stages of market development. Prospective movers should consider that while buying might be attractive, uncertainty in rentals could make it harder to transition if they prefer or require leasing. Planning carefully is essential.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Pelham, 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 Pelham, 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 Pelham is a financially viable option for your relocation.