Martin, TN, offers a cost of living that is generally lower than the nationwide average. The overall cost of living index for Martin stands at 92, which is 8% below the national average of 100. This lower cost of living makes Martin an attractive option for those looking to manage their expenses more effectively.
Specifically, housing costs in Martin are 15% lower than the national average, while groceries are only 6% below the average. Utilities and transportation also remain slightly below the national average, at 3% and 10% respectively. Healthcare costs are slightly higher, at 2% above the national average, but miscellaneous expenses are 8% below average. This balanced profile makes Martin an appealing choice for budget-conscious individuals.
Martin, TN, offers a cost of living that is notably lower than the nationwide average. The housing index in Martin stands at 85, which is 15% below the average of 100. This means that housing expenses in Martin are more affordable, making it an attractive option for those looking to save on their living costs. Additionally, the groceries index is at 94, which is 4% below the average. This slight decrease suggests that grocery shopping in Martin is slightly cheaper than the national average.
Transportation costs in Martin are also slightly lower than the national average, with an index of 90, representing a 10% decrease. The utilities index, at 97, is just 3% below the average, indicating that utility expenses remain close to the national norm. Healthcare costs in Martin are slightly higher, with an index of 98, which is 2% above the average. Miscellaneous costs, with an index of 92, are 8% below the average, offering some savings in other areas. Overall, Martin, TN, provides a cost of living that is generally more affordable, with several categories below the national average.
