Munford, TN Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Munford, TN Summary

Cost of living in Munford 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 Munford 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 Munford is 87, with 100 being the average.

  • The cost of living index in Munford is 0.9x lower than the national average.

  • Munford ranks as the #51 cheapest in Tennessee out of 105.

  • Munford ranks as the #1,101 cheapest out of 6,412 in the US.

  • The median home value in Munford is $196,200.

  • The median income in Munford is $77,420.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
87
Munford's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Munford, TN?

According to the most recent data on the cost of living, Munford has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.

Compared to Tennessee, Munford has a cost of living index that's 1.0x lower than Tennessee's index of 90.

The standard of living in Munford ranks as #51 most affordable out of the 105 places we measured in Tennessee. By definition, that implies Munford ranks as the #54 most expensive place in the Volunteer State.

For more reading on life in Munford, check out:

51 out of 105
In Tennessee
1,101 out of 6,412
In America

Munford Cost Of Living Vs. Tennessee

Six factors go into calculating the cost of living index in Munford. Here is how it fairs on each of the criteria:

  • The Services index in Munford is 92.

  • The Groceries index in Munford is 90.

  • The Health index in Munford is 82.

  • The Housing index in Munford is 82.

  • The Transportation index in Munford is 86.

  • The Utilities index in Munford is 87.

Living Expense Munford Tennessee National Average
Overall 87 90 100
Services 92 93 100
Groceries 90 96 100
Health 82 88 100
Housing 82 82 100
Transportation 86 90 100
Utilities 87 93 100
For more reading on cost of living around Tennessee, check out:
Munford Cost of Living Vs. TN

Munford, 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 Munford is $196,200.

  • The Median Rent in Munford is $1,007.

  • The Median Income in Munford is $77,420.

  • The Home Value To Income in Munford is 2.5x.

  • The Rent To Monthly Income in Munford is 0.16x.

Statistic Munford Tennessee United States
Median Home Value $196,200 $193,700 $244,900
Median Rent $1,007 $951 $1,163
Median Income $77,420 $58,516 $69,021
Home Value To Income 2.5x 3.3x 3.5x
Rent To Monthly Income 0.16x 0.2x 0.2x
Search Homes For Sale In Munford, TN
$196,200
Median Home Value
$1,007
Median Rent
$77,420
Median Income

Munford, TN Costs By Category

Detailed Munford Services Costs Vs. Tennessee

Item Munford Tennessee
Shampoo $0.91 $1.06
Movie $11.5 $10.68
Bowling $16.47 $14.67
Haircut $15.07 $18.62
Beauty Salon $36.63 $39.05

Detailed Munford Groceries Costs Vs. Tennessee

Item Munford Tennessee
Ground Beef $3.42 $4.22
Fried Chicken $0.98 $1.39
Milk $1.79 $2.05
Potatoes $3.62 $3.29
Pizza $10.37 $10.62
Beer $9.22 $9.38
Toothpaste $1.65 $2.34

Detailed Munford Health Costs Vs. Tennessee

Item Munford Tennessee
Optometrist $74.47 $108.57
Doctor $84.25 $116.17
Dentist $77.68 $99.13

Detailed Munford Transportation Costs Vs. Tennessee

Item Munford Tennessee
Gasoline $1.94 $2.22
Tire Balancing $40.73 $50.07

Detailed Munford Utilities Costs Vs. Tennessee

Item Munford Tennessee
All Electricity $133.97 $167.67
Phone $184.96 $175.64

Munford SnackAbility

8
/10
Overall SnackAbility
Jobs
8/10
Housing
8
Affordability
8
Diversity
8
Safety
7
Amenities
7
Education
6
Commute
4

Cost Of Living In Cities Around Munford

The cost of living varies in the cities and towns around Munford. Here's a quick look at the cost of living in the most populous nearby places:

  • Bartlett, TN has a cost of living index of 93, 1.1x Munford.

  • Arlington, TN has a cost of living index of 103, 1.2x Munford.

  • Lakeland, TN has a cost of living index of 103, 1.2x Munford.

City Population Cost Of Living Vs. Munford
Bartlett, TN 57,639 93 1.1x
Arlington, TN 14,158 103 1.2x
Lakeland, TN 13,693 103 1.2x
Millington, TN 10,583 83 1.0x
Atoka, TN 9,863 95 1.1x
Covington, TN 8,666 79 0.9x

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