Cost of Living in Rockwood, TN
Housing
The housing market plays a significant role in determining the cost of living in Rockwood, TN.
- Housing Index: 98.5 / 100
- Median Home Price is: $190,000
- Average Rent (2 BR Apartment): $1602 per month
- Average Rent (2 BR House): $1741 per month
Analyzing the current housing data for Rockwood, TN, we see a housing index of 98.5, which suggests a favorable market relative to national averages. The median home price of 190000 can be appealing for first-time buyers, while the average rent for a 2-bedroom apartment sits at 1602 and a 2-bedroom house at 1741. This might indicate that renting is relatively competitive in comparison to buying, depending on individual circumstances. Overall, Rockwood could represent a balanced option for various housing preferences in the state.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Rockwood, 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 Rockwood, 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 Rockwood is a financially viable option for your relocation.