Savannah, TN Cost Of Living
Cost Of Living In Savannah, TN Summary
Cost of living in Savannah 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 Savannah 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 Savannah is 78, with 100 being the average.
The cost of living index in Savannah is 0.8x lower than the national average.
Savannah ranks as the #5 cheapest in Tennessee out of 105.
Savannah ranks as the #113 cheapest out of 6,412 in the US.
The median home value in Savannah is $121,700.
The median income in Savannah is $37,057.
Table Of Contents
Savannah's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Savannah, TN?
According to the most recent data on the cost of living, Savannah has an overall cost of living index of 78, which is 0.8x lower than the national index of 100.
Compared to Tennessee, Savannah has a cost of living index that's 0.9x lower than Tennessee's index of 90.
The standard of living in Savannah ranks as #5 most affordable out of the 105 places we measured in Tennessee. By definition, that implies Savannah ranks as the #100 most expensive place in the Volunteer State.
For more reading on life in Savannah, check out:
- Living In Savannah
- Savannah Crime Report
- Search Homes For Sale In Savannah, TN
In Tennessee
In America
Savannah Cost Of Living Vs. Tennessee
Six factors go into calculating the cost of living index in Savannah. Here is how it fairs on each of the criteria:
The Services index in Savannah is 91.
The Groceries index in Savannah is 89.
The Health index in Savannah is 82.
The Housing index in Savannah is 51.
The Transportation index in Savannah is 90.
The Utilities index in Savannah is 98.
| Living Expense | Savannah | Tennessee | National Average | |
|---|---|---|---|---|
| Overall | 78 | 90 | 100 | |
| Services | 91 | 93 | 100 | |
| Groceries | 89 | 96 | 100 | |
| Health | 82 | 88 | 100 | |
| Housing | 51 | 82 | 100 | |
| Transportation | 90 | 90 | 100 | |
| Utilities | 98 | 93 | 100 | |
Savannah, 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 Savannah is $121,700.
The Median Rent in Savannah is $659.
The Median Income in Savannah is $37,057.
The Home Value To Income in Savannah is 3.3x.
The Rent To Monthly Income in Savannah is 0.21x.
| Statistic | Savannah | Tennessee | United States |
|---|---|---|---|
| Median Home Value | $121,700 | $193,700 | $244,900 |
| Median Rent | $659 | $951 | $1,163 |
| Median Income | $37,057 | $58,516 | $69,021 |
| Home Value To Income | 3.3x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Savannah, TN Costs By Category
Detailed Savannah Services Costs Vs. Tennessee
Detailed Savannah Groceries Costs Vs. Tennessee
Detailed Savannah Health Costs Vs. Tennessee
Detailed Savannah Transportation Costs Vs. Tennessee
Detailed Savannah Utilities Costs Vs. Tennessee
Savannah SnackAbility
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Cost Of Living In Cities Around Savannah
The cost of living varies in the cities and towns around Savannah. Here's a quick look at the cost of living in the most populous nearby places:
Jackson, TN has a cost of living index of 86, 1.1x Savannah.
Florence, AL has a cost of living index of 86, 1.1x Savannah.
Muscle Shoals, AL has a cost of living index of 89, 1.1x Savannah.
| City | Population | Cost Of Living | Vs. Savannah |
|---|---|---|---|
| Jackson, TN | 67,753 | 86 | 1.1x |
| Florence, AL | 39,709 | 86 | 1.1x |
| Muscle Shoals, AL | 15,969 | 89 | 1.1x |
| Corinth, MS | 14,545 | 82 | 1.1x |
| Booneville, MS | 8,702 | 79 | 1.0x |
| Lexington, TN | 7,849 | 79 | 1.0x |
| Henderson, TN | 6,232 | 82 | 1.1x |
| Bolivar, TN | 5,177 | 80 | 1.0x |
