Old Hickory, TN, offers a cost of living that is slightly below the nationwide average. The overall cost of living index for Old Hickory stands at 91, which is 9% lower than the national average of 100. This makes housing, groceries, utilities, transportation, healthcare, and miscellaneous expenses more affordable for residents and job seekers in the area.
Old Hickory's lower cost of living can be particularly beneficial for those relocating for work, as it provides a more budget-friendly environment without sacrificing essential services and amenities.
The cost of living in Old Hickory, Tennessee, presents a favorable comparison to the nationwide average, which is set at 100. Housing costs in Old Hickory stand at 85, indicating a 15% reduction compared to the national average. This makes housing more affordable for residents, offering potential savings for those considering a move to this area.
In other areas, Old Hickory also shows competitive costs. For instance, groceries cost 95, which is 5% below the national average. Utilities are at 97, just 3% above the average, while transportation costs are at 92, 8% below the average. Healthcare costs are 88, which is 12% lower than the national average. Miscellaneous expenses are at 90, 10% below the average. These figures suggest that Old Hickory provides a cost-effective living environment in several key areas.
