Lenoir City, TN Cost Of Living
Cost Of Living In Lenoir City, TN Summary
Cost of living in Lenoir City 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 Lenoir City 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 Lenoir City is 82, with 100 being the average.
The cost of living index in Lenoir City is 0.8x lower than the national average.
Lenoir City ranks as the #26 cheapest in Tennessee out of 105.
Lenoir City ranks as the #377 cheapest out of 6,412 in the US.
The median home value in Lenoir City is $168,400.
The median income in Lenoir City is $51,296.
Table Of Contents
Lenoir City's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Lenoir City, TN?
According to the most recent data on the cost of living, Lenoir City has an overall cost of living index of 82, which is 0.8x lower than the national index of 100.
Compared to Tennessee, Lenoir City has a cost of living index that's 0.9x lower than Tennessee's index of 90.
The standard of living in Lenoir City ranks as #26 most affordable out of the 105 places we measured in Tennessee. By definition, that implies Lenoir City ranks as the #79 most expensive place in the Volunteer State.
For more reading on life in Lenoir City, check out:
- Living In Lenoir City
- Lenoir City Crime Report
- Search Homes For Sale In Lenoir City, TN
In Tennessee
In America
Lenoir City Cost Of Living Vs. Tennessee
Six factors go into calculating the cost of living index in Lenoir City. Here is how it fairs on each of the criteria:
The Services index in Lenoir City is 90.
The Groceries index in Lenoir City is 86.
The Health index in Lenoir City is 93.
The Housing index in Lenoir City is 65.
The Transportation index in Lenoir City is 86.
The Utilities index in Lenoir City is 94.
| Living Expense | Lenoir City | Tennessee | National Average | |
|---|---|---|---|---|
| Overall | 82 | 90 | 100 | |
| Services | 90 | 93 | 100 | |
| Groceries | 86 | 96 | 100 | |
| Health | 93 | 88 | 100 | |
| Housing | 65 | 82 | 100 | |
| Transportation | 86 | 90 | 100 | |
| Utilities | 94 | 93 | 100 | |
Lenoir City, 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 Lenoir City is $168,400.
The Median Rent in Lenoir City is $833.
The Median Income in Lenoir City is $51,296.
The Home Value To Income in Lenoir City is 3.3x.
The Rent To Monthly Income in Lenoir City is 0.19x.
| Statistic | Lenoir City | Tennessee | United States |
|---|---|---|---|
| Median Home Value | $168,400 | $193,700 | $244,900 |
| Median Rent | $833 | $951 | $1,163 |
| Median Income | $51,296 | $58,516 | $69,021 |
| Home Value To Income | 3.3x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Lenoir City, TN Costs By Category
Detailed Lenoir City Services Costs Vs. Tennessee
| Item | Lenoir City | Tennessee |
|---|---|---|
| Shampoo | $0.84 | $1.06 |
| Movie | $10.22 | $10.68 |
| Bowling | $18.67 | $14.67 |
| Haircut | $14.73 | $18.62 |
| Beauty Salon | $37.6 | $39.05 |
Detailed Lenoir City Groceries Costs Vs. Tennessee
| Item | Lenoir City | Tennessee |
|---|---|---|
| Ground Beef | $4.41 | $4.22 |
| Fried Chicken | $0.99 | $1.39 |
| Milk | $1.85 | $2.05 |
| Potatoes | $2.88 | $3.29 |
| Pizza | $9.99 | $10.62 |
| Beer | $9.75 | $9.38 |
| Toothpaste | $1.5 | $2.34 |
Detailed Lenoir City Health Costs Vs. Tennessee
| Item | Lenoir City | Tennessee |
|---|---|---|
| Optometrist | $88.0 | $108.57 |
| Doctor | $105.73 | $116.17 |
| Dentist | $88.77 | $99.13 |
Detailed Lenoir City Transportation Costs Vs. Tennessee
| Item | Lenoir City | Tennessee |
|---|---|---|
| Gasoline | $2.06 | $2.22 |
| Tire Balancing | $36.44 | $50.07 |
Detailed Lenoir City Utilities Costs Vs. Tennessee
| Item | Lenoir City | Tennessee |
|---|---|---|
| All Electricity | $149.12 | $167.67 |
| Phone | $184.96 | $175.64 |
Lenoir City SnackAbility
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