Cost of living in Clinton 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 Clinton 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 Clinton is 84, with 100 being the average.
The cost of living index in Clinton is 0.8x lower than the national average.
Clinton ranks as the #36 cheapest in Tennessee out of 105.
Clinton ranks as the #629 cheapest out of 6,412 in the US.
The median home value in Clinton is $166,900.
The median income in Clinton is $52,991.
According to the most recent data on the cost of living, Clinton has an overall cost of living index of 84, which is 0.8x lower than the national index of 100.
Compared to Tennessee, Clinton has a cost of living index that's 0.9x lower than Tennessee's index of 90.
The standard of living in Clinton ranks as #36 most affordable out of the 105 places we measured in Tennessee. By definition, that implies Clinton ranks as the #69 most expensive place in the Volunteer State.
For more reading on life in Clinton, check out:
Six factors go into calculating the cost of living index in Clinton. Here is how it fairs on each of the criteria:
The Services index in Clinton is 88.
The Groceries index in Clinton is 87.
The Health index in Clinton is 93.
The Housing index in Clinton is 79.
The Transportation index in Clinton is 85.
The Utilities index in Clinton is 93.
|Living Expense||Clinton||Tennessee||National Average|
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 Clinton is $166,900.
The Median Rent in Clinton is $788.
The Median Income in Clinton is $52,991.
The Home Value To Income in Clinton is 3.1x.
The Rent To Monthly Income in Clinton is 0.18x.
|Median Home Value||$166,900||$193,700||$244,900|
|Home Value To Income||3.1x||3.3x||3.5x|
|Rent To Monthly Income||0.18x||0.2x||0.2x|
The cost of living varies in the cities and towns around Clinton. Here's a quick look at the cost of living in the most populous nearby places:
Knoxville, TN has a cost of living index of 81, 1.0x Clinton.
Spring, TX has a cost of living index of 93, 1.1x Clinton.
Oak Ridge, TN has a cost of living index of 88, 1.0x Clinton.
|City||Population||Cost Of Living||Vs. Clinton|
|Oak Ridge, TN||31,087||88||1.0x|
|Fairfield Glade, TN||8,798||95||1.1x|