Cost of living in Lenoir City
Lenoir City, located in Tennessee, offers a unique blend of small-town charm and modern amenities. Understanding the cost of living here is crucial for both current residents and those considering a move.
This guide provides a detailed breakdown of expenses, including housing, transportation, groceries, and more, to help you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $12 on average, with a range between $12 and $16.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $35, with prices ranging from $35 to $100.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10, with a consistent price of $10.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $4 to $6, imported beer $5 to $8, cappuccino $3 to $6.5, and Coke/Pepsi $2 to $3.
Grocery Prices
- Milk - Milk is priced between $0.66 and $0.98 per liter, averaging $0.8.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.97 and $3.42, with an average price of $2.2.
- Eggs (Dozen) - A dozen eggs range from $1.59 to $5, averaging $2.46.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.2 to $5.51 per kg, while oranges range from $2.2 to $9.35 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.65 and $3.28 per kg, and lettuce costs $1.5 to $3.09 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.72 and $0.92 per liter.
- Taxi Fares - Taxi fares start at $5, with additional costs per km not specified.
- Car Purchase - A new Volkswagen Golf costs between $23,000 and $35,699.74, while a Toyota Corolla ranges from $25,000 to $28,000.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $1500.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent also averages $1500.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $1800.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $2000.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $2152.78.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter also averages $2152.78.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $125 and $548.96, averaging $145.56.
- Internet - Internet services range from $58 to $90, with an average cost of $60.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
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"Key Takeaways"
Lenoir City offers a relatively affordable cost of living compared to larger urban areas, with moderate prices in dining and groceries.
Housing costs are consistent across the city, with similar rental prices in both the city centre and outside areas.
Transportation costs are manageable, with gasoline prices being quite low, although car purchase prices are significant.
Conclusion
In conclusion, Lenoir City presents a balanced cost of living, making it an attractive option for those seeking affordability without sacrificing quality of life.
Potential residents should consider the stable housing market and reasonable transportation costs as key benefits of living in this charming Tennessee city.