What is the cost of living in Red Bank, TN?
According to the most recent data on the cost of living, Red Bank has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.
Compared to Tennessee, Red Bank has a cost of living index that's 1.0x lower than Tennessee's index of 94.
The standard of living in Red Bank ranks as #47 most affordable out of the 109 places we measured in Tennessee. By definition, that implies Red Bank ranks as the #62 most expensive place in the Volunteer State.
For more reading on life in Red Bank, check out:
Red Bank Cost Of Living Vs. Tennessee
Six factors go into calculating the cost of living index in Red Bank. Here is how it fares on each of the criteria:
The Services index in Red Bank is 96.
The Groceries index in Red Bank is 99.
The Health index in Red Bank is 87.
The Housing index in Red Bank is 98.
The Transportation index in Red Bank is 95.
The Utilities index in Red Bank is 93.
| Living Expense | Red Bank | Tennessee | National Average |
|---|---|---|---|
| Overall | 93 | 94 | 100 |
| Services | 96 | 99 | 100 |
| Groceries | 99 | 96 | 100 |
| Health | 87 | 82 | 100 |
| Housing | 98 | 95 | 100 |
| Transportation | 95 | 99 | 100 |
| Utilities | 93 | 98 | 100 |
Red Bank 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 Red Bank Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Red Bank, 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 Red Bank is $307,145.
The Median Rent in Red Bank is $1,283.
The Median Income in Red Bank is $63,983.
The Home Value To Income in Red Bank is 4.8x.
The Rent To Monthly Income in Red Bank is 0.24x.
Red Bank, TN Costs By Category
Detailed Red Bank Services costs vs. Tennessee
Detailed Red Bank Groceries costs vs. Tennessee
Detailed Red Bank Health costs vs. Tennessee
Detailed Red Bank Transportation costs vs. Tennessee
Red Bank SnackAbility
Cost Of Living In Cities Around Red Bank
The cost of living varies in the cities and towns around Red Bank. 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 99, 1.1x Red Bank.
East Ridge, TN has a cost of living index of 92, 1.0x Red Bank.
Soddy-Daisy, TN has a cost of living index of 95, 1.0x Red Bank.
| City | Population | Cost Of Living | Vs. Red Bank |
|---|---|---|---|
| Chattanooga, TN | 185,783 | 99 | 1.1x |
| East Ridge, TN | 22,070 | 92 | 1.0x |
| Soddy-Daisy, TN | 13,231 | 95 | 1.0x |
| Middle Valley, TN | 12,187 | 97 | 1.0x |
| Collegedale, TN | 11,330 | 103 | 1.1x |
| Fort Oglethorpe, GA | 10,416 | 90 | 1.0x |
| Signal Mountain, TN | 8,860 | 125 | 1.3x |
| Harrison, TN | 8,011 | 95 | 1.0x |
| Fairview, GA | 5,302 | 89 | 1.0x |
