What is the cost of living in Oakland, TN?
According to the most recent data on the cost of living, Oakland has an overall cost of living index of 103, which is 1.0x higher than the national index of 100.
Compared to Tennessee, Oakland has a cost of living index that's 1.1x higher than Tennessee's index of 94.
The standard of living in Oakland ranks as #84 most affordable out of the 109 places we measured in Tennessee. By definition, that implies Oakland ranks as the #25 most expensive place in the Volunteer State.
For more reading on life in Oakland, check out:
Oakland Cost Of Living Vs. Tennessee
Six factors go into calculating the cost of living index in Oakland. Here is how it fares on each of the criteria:
The Services index in Oakland is 98.
The Groceries index in Oakland is 94.
The Health index in Oakland is 118.
The Housing index in Oakland is 100.
The Transportation index in Oakland is 95.
The Utilities index in Oakland is 94.
| Living Expense | Oakland | Tennessee | National Average |
|---|---|---|---|
| Overall | 103 | 94 | 100 |
| Services | 98 | 99 | 100 |
| Groceries | 94 | 96 | 100 |
| Health | 118 | 82 | 100 |
| Housing | 100 | 95 | 100 |
| Transportation | 95 | 99 | 100 |
| Utilities | 94 | 98 | 100 |
Oakland 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 Oakland Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Oakland, 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 Oakland is $353,491.
The Median Rent in Oakland is $1,992.
The Median Income in Oakland is $97,798.
The Home Value To Income in Oakland is 3.6x.
The Rent To Monthly Income in Oakland is 0.24x.
Oakland, TN Costs By Category
Detailed Oakland Services costs vs. Tennessee
Detailed Oakland Groceries costs vs. Tennessee
Detailed Oakland Health costs vs. Tennessee
Detailed Oakland Transportation costs vs. Tennessee
Oakland SnackAbility
Cost Of Living In Cities Around Oakland
The cost of living varies in the cities and towns around Oakland. 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 102, 1.0x Oakland.
Collierville, TN has a cost of living index of 118, 1.1x Oakland.
Germantown, TN has a cost of living index of 121, 1.2x Oakland.
| City | Population | Cost Of Living | Vs. Oakland |
|---|---|---|---|
| Bartlett, TN | 56,876 | 102 | 1.0x |
| Collierville, TN | 51,515 | 118 | 1.1x |
| Germantown, TN | 40,673 | 121 | 1.2x |
| Arlington, TN | 15,205 | 115 | 1.1x |
| Lakeland, TN | 14,192 | 113 | 1.1x |
| Atoka, TN | 10,385 | 103 | 1.0x |
