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 89, which is 11% below the national average of 100. This lower cost of living makes Martin an attractive option for those seeking affordable housing and daily expenses.
Specifically, housing costs are 14% below the national average, while groceries and utilities are slightly above average. Transportation costs are 15% lower, and healthcare expenses are 12% below the national average. This balanced distribution across categories highlights Martin's affordability in various aspects of living.
Martin, TN, presents a cost of living that is notably lower than the nationwide average. The housing index in Martin stands at 86, which is 14% below the national average of 100. This suggests that housing costs in Martin are more affordable, potentially making it easier for residents to find suitable living arrangements without straining their budget.
Additionally, the grocery index in Martin is 92, which is 2% below the national average. This indicates that groceries in Martin are slightly cheaper than the average cost across the country. Utilities in Martin are priced at 95, which is 5% above the average, but still relatively close to the national benchmark. The transportation index is 85, showing a 15% reduction from the national average, which could be beneficial for those who rely on personal vehicles. Healthcare costs in Martin are at 88, which is 12% lower than the national average, offering potential savings in this essential area. Finally, the miscellaneous index is 90, which is 10% below the national average, suggesting that other everyday expenses are also more affordable in Martin.
