Cost of Living in Ripley, TN
Housing
The housing market plays a significant role in determining the cost of living in Ripley, TN.
- Housing Index: 98.5 / 100
- Median Home Price is: $158,000
- Average Rent (2 BR Apartment): $1602 per month
- Average Rent (2 BR House): $1741 per month
Considering a move to Ripley, TN? With a housing index of 98.5, it indicates a below-average cost of living, making it an advantageous opportunity. The median home price is quite affordable at 158000, while the average rent for a 2-bedroom apartment is 1602 and for a house, 1741. This could appeal to both renters and prospective homeowners alike. Additionally, factors like local job market conditions and lifestyle amenities should be weighed into your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Ripley, 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 Ripley, 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 Ripley is a financially viable option for your relocation.