Millington, TN Cost Of Living
Cost Of Living In Millington, TN Summary
Cost of living in Millington 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 Millington 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 Millington is 83, with 100 being the average.
The cost of living index in Millington is 0.8x lower than the national average.
Millington ranks as the #31 cheapest in Tennessee out of 105.
Millington ranks as the #491 cheapest out of 6,412 in the US.
The median home value in Millington is $134,500.
The median income in Millington is $49,196.
Table Of Contents
Millington's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Millington, TN?
According to the most recent data on the cost of living, Millington has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to Tennessee, Millington has a cost of living index that's 0.9x lower than Tennessee's index of 90.
The standard of living in Millington ranks as #31 most affordable out of the 105 places we measured in Tennessee. By definition, that implies Millington ranks as the #74 most expensive place in the Volunteer State.
For more reading on life in Millington, check out:
- Living In Millington
- Millington Crime Report
- Search Homes For Sale In Millington, TN
In Tennessee
In America
Millington Cost Of Living Vs. Tennessee
Six factors go into calculating the cost of living index in Millington. Here is how it fairs on each of the criteria:
The Services index in Millington is 91.
The Groceries index in Millington is 90.
The Health index in Millington is 79.
The Housing index in Millington is 69.
The Transportation index in Millington is 84.
The Utilities index in Millington is 91.
| Living Expense | Millington | Tennessee | National Average | |
|---|---|---|---|---|
| Overall | 83 | 90 | 100 | |
| Services | 91 | 93 | 100 | |
| Groceries | 90 | 96 | 100 | |
| Health | 79 | 88 | 100 | |
| Housing | 69 | 82 | 100 | |
| Transportation | 84 | 90 | 100 | |
| Utilities | 91 | 93 | 100 | |
Millington, 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 Millington is $134,500.
The Median Rent in Millington is $1,039.
The Median Income in Millington is $49,196.
The Home Value To Income in Millington is 2.7x.
The Rent To Monthly Income in Millington is 0.25x.
| Statistic | Millington | Tennessee | United States |
|---|---|---|---|
| Median Home Value | $134,500 | $193,700 | $244,900 |
| Median Rent | $1,039 | $951 | $1,163 |
| Median Income | $49,196 | $58,516 | $69,021 |
| Home Value To Income | 2.7x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.25x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Millington, TN Costs By Category
Detailed Millington Services Costs Vs. Tennessee
| Item | Millington | Tennessee |
|---|---|---|
| Shampoo | $0.91 | $1.06 |
| Movie | $11.5 | $10.68 |
| Bowling | $16.47 | $14.67 |
| Haircut | $15.07 | $18.62 |
| Beauty Salon | $36.63 | $39.05 |
Detailed Millington Groceries Costs Vs. Tennessee
| Item | Millington | Tennessee |
|---|---|---|
| Ground Beef | $3.42 | $4.22 |
| Fried Chicken | $0.98 | $1.39 |
| Milk | $1.79 | $2.05 |
| Potatoes | $3.62 | $3.29 |
| Pizza | $10.37 | $10.62 |
| Beer | $9.22 | $9.38 |
| Toothpaste | $1.65 | $2.34 |
Detailed Millington Health Costs Vs. Tennessee
| Item | Millington | Tennessee |
|---|---|---|
| Optometrist | $74.47 | $108.57 |
| Doctor | $84.25 | $116.17 |
| Dentist | $77.68 | $99.13 |
Detailed Millington Transportation Costs Vs. Tennessee
| Item | Millington | Tennessee |
|---|---|---|
| Gasoline | $1.94 | $2.22 |
| Tire Balancing | $40.73 | $50.07 |
Detailed Millington Utilities Costs Vs. Tennessee
| Item | Millington | Tennessee |
|---|---|---|
| All Electricity | $133.97 | $167.67 |
| Phone | $184.96 | $175.64 |
Millington SnackAbility
/10
Cost Of Living In Cities Around Millington
The cost of living varies in the cities and towns around Millington. Here's a quick look at the cost of living in the most populous nearby places:
Memphis, TN has a cost of living index of 79, 1.0x Millington.
Bartlett, TN has a cost of living index of 93, 1.1x Millington.
Germantown, TN has a cost of living index of 108, 1.3x Millington.
| City | Population | Cost Of Living | Vs. Millington |
|---|---|---|---|
| Memphis, TN | 634,139 | 79 | 1.0x |
| Bartlett, TN | 57,639 | 93 | 1.1x |
| Germantown, TN | 40,955 | 108 | 1.3x |
| Arlington, TN | 14,158 | 103 | 1.2x |
| Lakeland, TN | 13,693 | 103 | 1.2x |
| Marion, AR | 13,624 | 85 | 1.0x |
| Atoka, TN | 9,863 | 95 | 1.1x |
| Munford, TN | 6,269 | 87 | 1.0x |
