What is the cost of living in Martin, TN?
According to the most recent data on the cost of living, Martin has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to Tennessee, Martin has a cost of living index that's 0.9x lower than Tennessee's index of 94.
The standard of living in Martin ranks as #22 most affordable out of the 109 places we measured in Tennessee. By definition, that implies Martin ranks as the #87 most expensive place in the Volunteer State.
For more reading on life in Martin, check out:
Martin Cost Of Living Vs. Tennessee
Six factors go into calculating the cost of living index in Martin. Here is how it fares on each of the criteria:
The Services index in Martin is 100.
The Groceries index in Martin is 98.
The Health index in Martin is 72.
The Housing index in Martin is 93.
The Transportation index in Martin is 97.
The Utilities index in Martin is 97.
| Living Expense | Martin | Tennessee | National Average |
|---|---|---|---|
| Overall | 88 | 94 | 100 |
| Services | 100 | 99 | 100 |
| Groceries | 98 | 96 | 100 |
| Health | 72 | 82 | 100 |
| Housing | 93 | 95 | 100 |
| Transportation | 97 | 99 | 100 |
| Utilities | 97 | 98 | 100 |
Martin Cost Of Living Compared To Tennessee Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Tennessee, check out:
Protect your home budget Compare home warranties in Martin Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Martin, 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 2020-2024. The key points are:
The Median Home Value in Martin is $214,360.
The Median Rent in Martin is $859.
The Median Income in Martin is $43,381.
The Home Value To Income in Martin is 4.9x.
The Rent To Monthly Income in Martin is 0.24x.
Martin, TN Costs By Category
Detailed Martin Services costs vs. Tennessee
Detailed Martin Groceries costs vs. Tennessee
Detailed Martin Health costs vs. Tennessee
Detailed Martin Transportation costs vs. Tennessee
Martin SnackAbility
Cost Of Living In Cities Around Martin
The cost of living varies in the cities and towns around Martin. 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 92, 1.0x Martin.
Wilson, NC has a cost of living index of 95, 1.1x Martin.
Murray, KY has a cost of living index of 92, 1.0x Martin.
| City | Population | Cost Of Living | Vs. Martin |
|---|---|---|---|
| Jackson, TN | 68,435 | 92 | 1.0x |
| Wilson, NC | 48,370 | 95 | 1.1x |
| Murray, KY | 18,080 | 92 | 1.0x |
| Milan, TN | 8,244 | 87 | 1.0x |
| McKenzie, TN | 5,631 | 87 | 1.0x |
