Bolivar, TN Cost Of Living
Cost Of Living In Bolivar, TN Summary
Cost of living in Bolivar research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Bolivar is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Tennessee, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Bolivar is 80, with 100 being the average.
The cost of living index in Bolivar is 0.8x lower than the national average.
Bolivar ranks as the #13 cheapest in Tennessee out of 105.
Bolivar ranks as the #211 cheapest out of 6,412 in the US.
The median home value in Bolivar is $97,400.
The median income in Bolivar is $33,303.
Table Of Contents
Bolivar's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Bolivar, TN?
According to the most recent data on the cost of living, Bolivar has an overall cost of living index of 80, which is 0.8x lower than the national index of 100.
Compared to Tennessee, Bolivar has a cost of living index that's 0.9x lower than Tennessee's index of 90.
The standard of living in Bolivar ranks as #13 most affordable out of the 105 places we measured in Tennessee. By definition, that implies Bolivar ranks as the #92 most expensive place in the Volunteer State.
For more reading on life in Bolivar, check out:
- Living In Bolivar
- Bolivar Crime Report
- Search Homes For Sale In Bolivar, TN
In Tennessee
In America
Bolivar Cost Of Living Vs. Tennessee
Six factors go into calculating the cost of living index in Bolivar. Here is how it fairs on each of the criteria:
The Services index in Bolivar is 93.
The Groceries index in Bolivar is 90.
The Health index in Bolivar is 81.
The Housing index in Bolivar is 53.
The Transportation index in Bolivar is 87.
The Utilities index in Bolivar is 94.
| Living Expense | Bolivar | Tennessee | National Average | |
|---|---|---|---|---|
| Overall | 80 | 90 | 100 | |
| Services | 93 | 93 | 100 | |
| Groceries | 90 | 96 | 100 | |
| Health | 81 | 88 | 100 | |
| Housing | 53 | 82 | 100 | |
| Transportation | 87 | 90 | 100 | |
| Utilities | 94 | 93 | 100 | |
Bolivar, TN Housing Cost Breakdown
Housing swings affordability the most between places in Tennessee, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Bolivar is $97,400.
The Median Rent in Bolivar is $829.
The Median Income in Bolivar is $33,303.
The Home Value To Income in Bolivar is 2.9x.
The Rent To Monthly Income in Bolivar is 0.3x.
| Statistic | Bolivar | Tennessee | United States |
|---|---|---|---|
| Median Home Value | $97,400 | $193,700 | $244,900 |
| Median Rent | $829 | $951 | $1,163 |
| Median Income | $33,303 | $58,516 | $69,021 |
| Home Value To Income | 2.9x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.3x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Bolivar, TN Costs By Category
Detailed Bolivar Services Costs Vs. Tennessee
Detailed Bolivar Groceries Costs Vs. Tennessee
Detailed Bolivar Health Costs Vs. Tennessee
Detailed Bolivar Transportation Costs Vs. Tennessee
Detailed Bolivar Utilities Costs Vs. Tennessee
Bolivar SnackAbility
/10
Cost Of Living In Cities Around Bolivar
The cost of living varies in the cities and towns around Bolivar. Here's a quick look at the cost of living in the most populous nearby places:
Bartlett, TN has a cost of living index of 93, 1.2x Bolivar.
Collierville, TN has a cost of living index of 107, 1.3x Bolivar.
Germantown, TN has a cost of living index of 108, 1.4x Bolivar.
| City | Population | Cost Of Living | Vs. Bolivar |
|---|---|---|---|
| Bartlett, TN | 57,639 | 93 | 1.2x |
| Collierville, TN | 50,669 | 107 | 1.3x |
| Germantown, TN | 40,955 | 108 | 1.4x |
| Corinth, MS | 14,545 | 82 | 1.0x |
| Arlington, TN | 14,158 | 103 | 1.3x |
| Millington, TN | 10,583 | 83 | 1.0x |
| Atoka, TN | 9,863 | 95 | 1.2x |
| Oakland, TN | 8,805 | 96 | 1.2x |
| Munford, TN | 6,269 | 87 | 1.1x |
| Ripley, MS | 5,412 | 78 | 1.0x |
