Loudon, TN, boasts a cost of living index that is slightly below the nationwide average. The overall index stands at 90, which is 10% lower than the national benchmark of 100. This reduction primarily stems from the housing sector, where Loudon scores an index of 85, noticeably impacting the average.
Individually, Loudon’s groceries, utilities, transportation, healthcare, and miscellaneous costs also reflect lower expenses. Groceries and healthcare have slightly lower indices, while utilities, transportation, and miscellaneous costs are marginally above average. This balanced distribution helps maintain an overall index of 90.
Job seekers looking to relocate to Loudon, Tennessee, will find the cost of living to be notably lower than the national average. The cost of living index for Loudon stands at 89, with the nationwide average set at 100. This means that living in Loudon is about 11% less expensive than the national average. Notably, housing costs represent the largest disparity, with an index of 85, indicating that housing is 15% cheaper in Loudon compared to the national average.
Across various categories, Loudon offers savings to its residents. For instance, groceries cost 10% less with an index of 90, while utilities are only 5% below the national average at 95. Transportation costs are also slightly lower, with an index of 92, indicating an 8% reduction. Healthcare and miscellaneous expenses, though still below the national average, show slightly larger savings with indices of 88 and 91, respectively. These figures make Loudon a potentially attractive destination for those looking to stretch their dollars further.
