Cost of living in East Ridge 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 East Ridge 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 East Ridge is 88, with 100 being the average.
The cost of living index in East Ridge is 0.9x lower than the national average.
East Ridge ranks as the #55 cheapest in Tennessee out of 105.
East Ridge ranks as the #1,278 cheapest out of 6,412 in the US.
The median home value in East Ridge is $141,800.
The median income in East Ridge is $49,517.
According to the most recent data on the cost of living, East Ridge has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to Tennessee, East Ridge has a cost of living index that's 1.0x lower than Tennessee's index of 90.
The standard of living in East Ridge ranks as #55 most affordable out of the 105 places we measured in Tennessee. By definition, that implies East Ridge ranks as the #50 most expensive place in the Volunteer State.
For more reading on life in East Ridge, check out:
Six factors go into calculating the cost of living index in East Ridge. Here is how it fairs on each of the criteria:
The Services index in East Ridge is 94.
The Groceries index in East Ridge is 102.
The Health index in East Ridge is 94.
The Housing index in East Ridge is 69.
The Transportation index in East Ridge is 91.
The Utilities index in East Ridge is 94.
|Living Expense||East Ridge||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 East Ridge is $141,800.
The Median Rent in East Ridge is $923.
The Median Income in East Ridge is $49,517.
The Home Value To Income in East Ridge is 2.9x.
The Rent To Monthly Income in East Ridge is 0.22x.
|Statistic||East Ridge||Tennessee||United States|
|Median Home Value||$141,800||$193,700||$244,900|
|Home Value To Income||2.9x||3.3x||3.5x|
|Rent To Monthly Income||0.22x||0.2x||0.2x|
The cost of living varies in the cities and towns around East Ridge. 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 East Ridge.
Soddy-Daisy, TN has a cost of living index of 85, 1.0x East Ridge.
Red Bank, TN has a cost of living index of 88, 1.0x East Ridge.
|City||Population||Cost Of Living||Vs. East Ridge|
|Red Bank, TN||11,855||88||1.0x|
|Middle Valley, TN||11,569||93||1.1x|
|Fort Oglethorpe, GA||10,196||85||1.0x|
|Signal Mountain, TN||8,770||115||1.3x|
|South Cleveland, TN||7,481||83||0.9x|