Red Bank, TN Cost Of Living
Cost Of Living In Red Bank, TN Summary
Cost of living in Red Bank 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 Red Bank 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 Red Bank is 88, with 100 being the average.
The cost of living index in Red Bank is 0.9x lower than the national average.
Red Bank ranks as the #55 cheapest in Tennessee out of 105.
Red Bank ranks as the #1,278 cheapest out of 6,412 in the US.
The median home value in Red Bank is $181,200.
The median income in Red Bank is $48,158.
Table Of Contents
Red Bank's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Red Bank, TN?
According to the most recent data on the cost of living, Red Bank has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to Tennessee, Red Bank has a cost of living index that's 1.0x lower than Tennessee's index of 90.
The standard of living in Red Bank ranks as #55 most affordable out of the 105 places we measured in Tennessee. By definition, that implies Red Bank ranks as the #50 most expensive place in the Volunteer State.
For more reading on life in Red Bank, check out:
- Living In Red Bank
- Red Bank Crime Report
- Search Homes For Sale In Red Bank, TN
In Tennessee
In America
Red Bank Cost Of Living Vs. Tennessee
Six factors go into calculating the cost of living index in Red Bank. Here is how it fairs on each of the criteria:
The Services index in Red Bank is 92.
The Groceries index in Red Bank is 102.
The Health index in Red Bank is 97.
The Housing index in Red Bank is 70.
The Transportation index in Red Bank is 88.
The Utilities index in Red Bank is 91.
| Living Expense | Red Bank | Tennessee | National Average | |
|---|---|---|---|---|
| Overall | 88 | 90 | 100 | |
| Services | 92 | 93 | 100 | |
| Groceries | 102 | 96 | 100 | |
| Health | 97 | 88 | 100 | |
| Housing | 70 | 82 | 100 | |
| Transportation | 88 | 90 | 100 | |
| Utilities | 91 | 93 | 100 | |
Red Bank, 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 Red Bank is $181,200.
The Median Rent in Red Bank is $876.
The Median Income in Red Bank is $48,158.
The Home Value To Income in Red Bank is 3.8x.
The Rent To Monthly Income in Red Bank is 0.22x.
| Statistic | Red Bank | Tennessee | United States |
|---|---|---|---|
| Median Home Value | $181,200 | $193,700 | $244,900 |
| Median Rent | $876 | $951 | $1,163 |
| Median Income | $48,158 | $58,516 | $69,021 |
| Home Value To Income | 3.8x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Red Bank, TN Costs By Category
Detailed Red Bank Services Costs Vs. Tennessee
Detailed Red Bank Groceries Costs Vs. Tennessee
Detailed Red Bank Health Costs Vs. Tennessee
Detailed Red Bank Transportation Costs Vs. Tennessee
Detailed Red Bank Utilities Costs Vs. Tennessee
Red Bank SnackAbility
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Cost Of Living In Cities Around Red Bank
The cost of living varies in the cities and towns around Red Bank. Here's a quick look at the cost of living in the most populous nearby places:
Chattanooga, TN has a cost of living index of 91, 1.0x Red Bank.
East Ridge, TN has a cost of living index of 88, 1.0x Red Bank.
Soddy-Daisy, TN has a cost of living index of 85, 1.0x Red Bank.
| City | Population | Cost Of Living | Vs. Red Bank |
|---|---|---|---|
| Chattanooga, TN | 180,353 | 91 | 1.0x |
| East Ridge, TN | 21,967 | 88 | 1.0x |
| Soddy-Daisy, TN | 13,090 | 85 | 1.0x |
| Middle Valley, TN | 11,569 | 93 | 1.1x |
| Collegedale, TN | 10,973 | 94 | 1.1x |
| Fort Oglethorpe, GA | 10,196 | 85 | 1.0x |
| Signal Mountain, TN | 8,770 | 115 | 1.3x |
| Harrison, TN | 8,383 | 91 | 1.0x |
| Fairview, GA | 5,752 | 80 | 0.9x |
