Cost of living in Martin
Martin, located in Tennessee, United States, offers a unique blend of small-town charm and modern amenities. Understanding the cost of living in Martin is crucial for both current residents and those considering a move to this city.
This guide provides a detailed breakdown of various expenses, including dining, groceries, transportation, housing, and utilities, 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 $18 on average, with a range between $13 and $30.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $80, with prices ranging from $60 to $140.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10, with a range between $9 and $12.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $3.5 to $9, imported beer $5 to $11.5, cappuccino $4.5 to $10, and Coke/Pepsi $2 to $5.
Grocery Prices
- Milk - Milk is priced between $0.79 and $1.58 per liter, averaging $1.09.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.2 and $5.51, with an average price of $3.86.
- Eggs (Dozen) - A dozen eggs range from $1.89 to $6, averaging $3.33.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.18 to $11.02 per kg, while oranges range from $1.52 to $11.02 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.21 and $4.41 per kg, and lettuce costs $1.25 to $3 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.73 and $0.95 per liter.
- Taxi Fares - Taxi fares start at $5, with a cost of $1.55 to $2.8 per km and $21 to $50 per hour of waiting.
- Car Purchase - A new Volkswagen Golf costs between $30,000 and $36,916.9, while a Toyota Corolla ranges from $26,000 to $32,000.
Housing Costs
- Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child - The cost for private preschool is between $765 and $2200 per month.
- International Primary School, Yearly for 1 Child - Yearly tuition for international primary school ranges from $17,000 to $24,000.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $113.33 and $280, averaging $171.42.
- Internet - Internet services range from $55 to $120, with an average cost of $72.18.
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.
Cost of Living Data
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"Key Takeaways"
Martin, TN, offers a moderate cost of living with affordable dining and grocery options. Housing and utilities are reasonably priced, making it a viable option for families and individuals.
Transportation costs are manageable, especially for those who own a vehicle, given the competitive gasoline prices.
Overall, Martin provides a balanced lifestyle with essential amenities at accessible prices.
Conclusion
In conclusion, Martin, TN, presents a cost-effective living environment with a blend of affordability and quality of life. The city's reasonable housing, dining, and transportation costs make it an attractive choice for potential residents.
Whether you're planning to move or simply evaluating your current expenses, understanding the cost of living in Martin can help you make informed financial decisions.