Lakeland, TN Cost Of Living

Demographics | Cost Of Living
Updated: 2022-04-07
103
Lakeland's Overall Cost Of Living
1.0x
Higher Than The National Average
94 out of 105
In Tennessee
3,487 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Lakeland is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Lakeland, TN?

According to the most recent data on the cost of living, Lakeland has an overall cost of living index of 103 which is 1.0x higher than the national index of 100.

Compared to only Tennessee, Lakeland has a cost of living index that's 1.2x higher than Tennessee's index of 89.

The standard of living in Lakeland ranks as #3,487 most affordable out of the 6,418 places we measured in Tennessee. By definition, that implies Lakeland ranks as the #2,932 most expensive place in the Volunteer State.

For more reading on life in Lakeland, check out:

Lakeland Cost Of Living Vs. Tennessee

Living Expense Lakeland Tennessee National Average
Overall 103 89 100
Services 91 94 100
Groceries 87 91 100
Health 79 91 100
Housing 131 81 100
Transportation 88 86 100
Utilities 91 92 100
For more reading on cost of living around Tennessee, check out:
Lakeland Cost of Living Vs. TN

Lakeland, TN Housing Cost Breakdown

Housing swings affordability the most between places in Tennessee, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$279,200
Median Home Value
$1,138
Median Rent
$106,211
Median Income
Statistic Lakeland Tennessee United States
Median Home Value $279,200 $177,600 $229,800
Median Rent $1,138 $897 $1,096
Median Income $106,211 $54,833 $64,994
Home Value To Income 2.6x 3.2x 3.5x
Rent To Monthly Income 0.13x 0.2x 0.2x

Detailed Lakeland Services Costs Vs. Tennessee

Item Lakeland Tennessee
Shampoo $0.91 $1.06
Movie $11.5 $10.68
Bowling $16.47 $14.67

Detailed Lakeland Groceries Costs Vs. Tennessee

Item Lakeland Tennessee
Ground Beef $3.42 $4.22
Fried Chicken $0.98 $1.39
Milk $1.79 $2.05

Detailed Lakeland Health Costs Vs. Tennessee

Item Lakeland Tennessee
Haircut $15.07 $18.62
Beauty Salon $36.63 $39.05
Toothpaste $1.65 $2.34

Detailed Lakeland Transportation Costs Vs. Tennessee

Item Lakeland Tennessee
Potatoes $3.62 $3.29
Pizza $10.37 $10.62
Beer $9.22 $9.38
Optometrist $74.47 $108.57
Doctor $84.25 $116.17
Dentist $77.68 $99.13

Detailed Lakeland Utilities Costs Vs. Tennessee

Item Lakeland Tennessee
Gasoline $1.94 $2.22
Tire Balancing $40.73 $50.07
All Electricity $133.97 $167.67
Phone $184.96 $175.64

Lakeland SnackAbility

7
/10
Overall SnackAbility
Jobs
8.5/10
Housing
8.5
Affordability
8.5
Diversity
8
Safety
N/A
Amenities
7
Education
9
Commute
6

Cost Of Living In Cities Around Lakeland

City Population Cost Of Living Vs. Lakeland
Memphis, TN 650,910 79 0.8x
Bartlett, TN 59,252 93 0.9x
Collierville, TN 50,596 107 1.0x
Germantown, TN 39,196 108 1.0x
Arlington, TN 11,715 103 1.0x
Millington, TN 10,650 83 0.8x
Atoka, TN 9,407 95 0.9x
Oakland, TN 8,135 96 0.9x
Munford, TN 6,090 87 0.8x

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