Can you afford to live in spring hill, Tennessee? Let’s find out what the cost of living in Spring Hill, TN is right now!
Okay, the first thing I want to talk about is home prices. Like the rest of the nation, home prices have really been on the rise here in spring hill, Tennessee. As of January of 2021, the median-priced home was $355,000 and that was for a 4 bedroom, 2. 5 bathroom home. For townhomes, the median price was $232,000 and that was for a 3 bedroom, 2. 5 bathroom home. So, basically, right now it is February. In 2021 and prices have just continued to rise. I would expect to pay $350,000 or more for a home in spring hill, Tennessee.
Okay, I know a lot of you might be curious what rental prices are like here in spring hill, Tennessee. The medium price rental home is $1800 per month, and that’s for a three-bedroom, 2. 5 bathroom home. Yes, we do have some apartment complexes here where you can get rent for a little bit less expensive. And, yes, there are larger homes that get much more expensive. The key point here is there are options and expect to pay somewhere between $1500 and up to rent a home or apartment here in spring hill, Tennessee.
Okay, the next thing I want to talk about is property taxes. I know this is a very important subject for a lot of you. If you currently live somewhere like California, new york, or Illinois, you guys have super high property taxes compared to us in spring hill, Tennessee, to give you an example. A home that’s priced around $355,000 is going to have property taxes in the amount of around $2100 per year. If you were to buy that same home in Nashville, which is Davidson county, you’d pay about $2800 a year in property taxes. So overall property taxes in spring hill are pretty dang low.
Okay, so let’s stick to taxes and talk about sales tax. This is actually an area that Spring Hill doesn’t fare very well. Sales tax in spring hill is currently 9. 75%. Now we don’t have income taxes, so that’s definitely a benefit. But if you tend to buy a lot of stuff, you’re going to pay more in sales tax here in spring hill than you would in Los Angeles, California.
Okay, so if you are somebody that drives a lot, or if you’ve got a big truck or SUV and you use a lot of gas, have no fear. The gas prices in Spring Hill, Tennessee, are fairly low when compared to the rest of the country. Currently, in February of 2021 gas prices are hovering right around $2. 20 a gallon. That is not bad, and it is definitely a very affordable price for gas.
Okay, so while we’re on the subject of vehicles, let’s talk about what it costs to register your vehicle here in spring hill, Tennessee. If you are coming from out of state, it is going to cost you $65 to transfer your tags here to spring hill. After that, you’re gonna pay $55 per year to renew your tags. On top of that, there is a $10 emissions fee that you need to pay every year. That’s not too bad. I think that’s much, much cheaper than a lot of states. Definitely very affordable.
Okay, so let’s move on to the cost of water and electricity. Water in spring hill, Tennessee, is very affordable. You’re gonna pay $10. 76 per month, plus $3. 69 per 1000 gallons used. According to the local electricity provider, the average home is going to use about 1200 kilowatt-hours per month of electricity. That’s gonna run you roughly $125 per month. Their current rate is 9. 3 cents per kilowatt-hour, plus a monthly charge of $17. 8.
If you have children in grades kindergarten through 12th grade, then I’m sure the cost of their food at school is important to you. On the Williamson county side, you are gonna pay $2. 25 for breakfast and $3. 25 for lunch. For the Maury county side, you are going to pay $2. 50 up to grade four and then grade five through 12. You’re gonna pay $2. 75.
All right, I know a lot of you are probably concerned about finding a job and making a good income. I can tell you if you live in spring hill, there are lots of opportunities. According to the latest census, the median income in spring hill, Tennessee, is $91,000. That’s pretty darn good, considering the median income for the entire state is $55,000 and the median income for the entire united states is $68,000. So, yes, you can find a good job and make good money living in spring hill, Tennessee.
All right, guys, if you are thinking about making the move to spring hill, Tennessee, go ahead and click the link below. In the description and schedule.
A brief phone call with me. I’d love to talk to you. Find out what you need for a home, find out what you’re looking for for a job, and see if spring hill, Tennessee, would be the right fit for you.
Thank you so much. My name’s matt Bogosian. I’m with Kerr & co realty. I’ll see you next time. Bye
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