Gallatin, TN Cost Of Living
Cost Of Living In Gallatin, TN Summary
Cost of living in Gallatin 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 Gallatin 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 Gallatin is 96, with 100 being the average.
The cost of living index in Gallatin is 1.0x lower than the national average.
Gallatin ranks as the #84 cheapest in Tennessee out of 105.
Gallatin ranks as the #2,601 cheapest out of 6,412 in the US.
The median home value in Gallatin is $252,300.
The median income in Gallatin is $62,881.
Table Of Contents
Gallatin's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Gallatin, TN?
According to the most recent data on the cost of living, Gallatin has an overall cost of living index of 96, which is 1.0x lower than the national index of 100.
Compared to Tennessee, Gallatin has a cost of living index that's 1.1x higher than Tennessee's index of 90.
The standard of living in Gallatin ranks as #84 most affordable out of the 105 places we measured in Tennessee. By definition, that implies Gallatin ranks as the #21 most expensive place in the Volunteer State.
For more reading on life in Gallatin, check out:
- Living In Gallatin
- Gallatin Crime Report
- Search Homes For Sale In Gallatin, TN
In Tennessee
In America
Gallatin Cost Of Living Vs. Tennessee
Six factors go into calculating the cost of living index in Gallatin. Here is how it fairs on each of the criteria:
The Services index in Gallatin is 99.
The Groceries index in Gallatin is 88.
The Health index in Gallatin is 88.
The Housing index in Gallatin is 89.
The Transportation index in Gallatin is 101.
The Utilities index in Gallatin is 107.
| Living Expense | Gallatin | Tennessee | National Average | |
|---|---|---|---|---|
| Overall | 96 | 90 | 100 | |
| Services | 99 | 93 | 100 | |
| Groceries | 88 | 96 | 100 | |
| Health | 88 | 88 | 100 | |
| Housing | 89 | 82 | 100 | |
| Transportation | 101 | 90 | 100 | |
| Utilities | 107 | 93 | 100 | |
Gallatin, 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 Gallatin is $252,300.
The Median Rent in Gallatin is $1,140.
The Median Income in Gallatin is $62,881.
The Home Value To Income in Gallatin is 4.0x.
The Rent To Monthly Income in Gallatin is 0.22x.
| Statistic | Gallatin | Tennessee | United States |
|---|---|---|---|
| Median Home Value | $252,300 | $193,700 | $244,900 |
| Median Rent | $1,140 | $951 | $1,163 |
| Median Income | $62,881 | $58,516 | $69,021 |
| Home Value To Income | 4.0x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Gallatin, TN Costs By Category
Detailed Gallatin Services Costs Vs. Tennessee
Detailed Gallatin Groceries Costs Vs. Tennessee
Detailed Gallatin Health Costs Vs. Tennessee
Detailed Gallatin Transportation Costs Vs. Tennessee
Detailed Gallatin Utilities Costs Vs. Tennessee
Gallatin SnackAbility
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Cost Of Living In Cities Around Gallatin
The cost of living varies in the cities and towns around Gallatin. Here's a quick look at the cost of living in the most populous nearby places:
Hendersonville, TN has a cost of living index of 100, 1.0x Gallatin.
Mount Juliet, TN has a cost of living index of 103, 1.1x Gallatin.
Lebanon, TN has a cost of living index of 98, 1.0x Gallatin.
| City | Population | Cost Of Living | Vs. Gallatin |
|---|---|---|---|
| Hendersonville, TN | 60,628 | 100 | 1.0x |
| Mount Juliet, TN | 38,059 | 103 | 1.1x |
| Lebanon, TN | 37,471 | 98 | 1.0x |
| Goodlettsville, TN | 17,522 | 99 | 1.0x |
| Portland, TN | 13,031 | 92 | 1.0x |
| White House, TN | 12,820 | 95 | 1.0x |
| Green Hill, TN | 7,018 | 101 | 1.1x |
| Greenbrier, TN | 6,845 | 89 | 0.9x |
| Millersville, TN | 6,099 | 93 | 1.0x |
