Munford, TN Cost Of Living
Cost Of Living In Munford, TN Summary
Cost of living in Munford 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 Munford 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 Munford is 87, with 100 being the average.
The cost of living index in Munford is 0.9x lower than the national average.
Munford ranks as the #51 cheapest in Tennessee out of 105.
Munford ranks as the #1,101 cheapest out of 6,412 in the US.
The median home value in Munford is $196,200.
The median income in Munford is $77,420.
Table Of Contents
Munford's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Munford, TN?
According to the most recent data on the cost of living, Munford has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to Tennessee, Munford has a cost of living index that's 1.0x lower than Tennessee's index of 90.
The standard of living in Munford ranks as #51 most affordable out of the 105 places we measured in Tennessee. By definition, that implies Munford ranks as the #54 most expensive place in the Volunteer State.
For more reading on life in Munford, check out:
- Living In Munford
- Munford Crime Report
- Search Homes For Sale In Munford, TN
In Tennessee
In America
Munford Cost Of Living Vs. Tennessee
Six factors go into calculating the cost of living index in Munford. Here is how it fairs on each of the criteria:
The Services index in Munford is 92.
The Groceries index in Munford is 90.
The Health index in Munford is 82.
The Housing index in Munford is 82.
The Transportation index in Munford is 86.
The Utilities index in Munford is 87.
| Living Expense | Munford | Tennessee | National Average | |
|---|---|---|---|---|
| Overall | 87 | 90 | 100 | |
| Services | 92 | 93 | 100 | |
| Groceries | 90 | 96 | 100 | |
| Health | 82 | 88 | 100 | |
| Housing | 82 | 82 | 100 | |
| Transportation | 86 | 90 | 100 | |
| Utilities | 87 | 93 | 100 | |
Munford, 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 Munford is $196,200.
The Median Rent in Munford is $1,007.
The Median Income in Munford is $77,420.
The Home Value To Income in Munford is 2.5x.
The Rent To Monthly Income in Munford is 0.16x.
| Statistic | Munford | Tennessee | United States |
|---|---|---|---|
| Median Home Value | $196,200 | $193,700 | $244,900 |
| Median Rent | $1,007 | $951 | $1,163 |
| Median Income | $77,420 | $58,516 | $69,021 |
| Home Value To Income | 2.5x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Munford, TN Costs By Category
Detailed Munford Services Costs Vs. Tennessee
Detailed Munford Groceries Costs Vs. Tennessee
Detailed Munford Health Costs Vs. Tennessee
Detailed Munford Transportation Costs Vs. Tennessee
Detailed Munford Utilities Costs Vs. Tennessee
Munford SnackAbility
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Cost Of Living In Cities Around Munford
The cost of living varies in the cities and towns around Munford. 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, 1.1x Munford.
Arlington, TN has a cost of living index of 103, 1.2x Munford.
Lakeland, TN has a cost of living index of 103, 1.2x Munford.
| City | Population | Cost Of Living | Vs. Munford |
|---|---|---|---|
| Bartlett, TN | 57,639 | 93 | 1.1x |
| Arlington, TN | 14,158 | 103 | 1.2x |
| Lakeland, TN | 13,693 | 103 | 1.2x |
| Millington, TN | 10,583 | 83 | 1.0x |
| Atoka, TN | 9,863 | 95 | 1.1x |
| Covington, TN | 8,666 | 79 | 0.9x |
