Cleveland, TN Cost Of Living
Cost Of Living In Cleveland, TN Summary
Cost of living in Cleveland research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Cleveland is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Tennessee, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Cleveland is 86, with 100 being the average.
The cost of living index in Cleveland is 0.9x lower than the national average.
Cleveland ranks as the #46 cheapest in Tennessee out of 105.
Cleveland ranks as the #938 cheapest out of 6,412 in the US.
The median home value in Cleveland is $193,300.
The median income in Cleveland is $48,431.
Table Of Contents
Cleveland's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Cleveland, TN?
According to the most recent data on the cost of living, Cleveland has an overall cost of living index of 86, which is 0.9x lower than the national index of 100.
Compared to Tennessee, Cleveland has a cost of living index that's 1.0x lower than Tennessee's index of 90.
The standard of living in Cleveland ranks as #46 most affordable out of the 105 places we measured in Tennessee. By definition, that implies Cleveland ranks as the #59 most expensive place in the Volunteer State.
For more reading on life in Cleveland, check out:
- Living In Cleveland
- Cleveland Crime Report
- Search Homes For Sale In Cleveland, TN
In Tennessee
In America
Cleveland Cost Of Living Vs. Tennessee
Six factors go into calculating the cost of living index in Cleveland. Here is how it fairs on each of the criteria:
The Services index in Cleveland is 90.
The Groceries index in Cleveland is 91.
The Health index in Cleveland is 92.
The Housing index in Cleveland is 82.
The Transportation index in Cleveland is 84.
The Utilities index in Cleveland is 86.
| Living Expense | Cleveland | Tennessee | National Average | |
|---|---|---|---|---|
| Overall | 86 | 90 | 100 | |
| Services | 90 | 93 | 100 | |
| Groceries | 91 | 96 | 100 | |
| Health | 92 | 88 | 100 | |
| Housing | 82 | 82 | 100 | |
| Transportation | 84 | 90 | 100 | |
| Utilities | 86 | 93 | 100 | |
Cleveland, 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 2017-2021. The key points are:
The Median Home Value in Cleveland is $193,300.
The Median Rent in Cleveland is $848.
The Median Income in Cleveland is $48,431.
The Home Value To Income in Cleveland is 4.0x.
The Rent To Monthly Income in Cleveland is 0.21x.
| Statistic | Cleveland | Tennessee | United States |
|---|---|---|---|
| Median Home Value | $193,300 | $193,700 | $244,900 |
| Median Rent | $848 | $951 | $1,163 |
| Median Income | $48,431 | $58,516 | $69,021 |
| Home Value To Income | 4.0x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Cleveland, TN Costs By Category
Detailed Cleveland Services Costs Vs. Tennessee
Detailed Cleveland Groceries Costs Vs. Tennessee
Detailed Cleveland Health Costs Vs. Tennessee
Detailed Cleveland Transportation Costs Vs. Tennessee
Detailed Cleveland Utilities Costs Vs. Tennessee
Cleveland SnackAbility
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Cost Of Living In Cities Around Cleveland
The cost of living varies in the cities and towns around Cleveland. Here's a quick look at the cost of living in the most populous nearby places:
Soddy-Daisy, TN has a cost of living index of 85, 1.0x Cleveland.
Middle Valley, TN has a cost of living index of 93, 1.1x Cleveland.
Collegedale, TN has a cost of living index of 94, 1.1x Cleveland.
| City | Population | Cost Of Living | Vs. Cleveland |
|---|---|---|---|
| Soddy-Daisy, TN | 13,090 | 85 | 1.0x |
| Middle Valley, TN | 11,569 | 93 | 1.1x |
| Collegedale, TN | 10,973 | 94 | 1.1x |
| Harrison, TN | 8,383 | 91 | 1.1x |
| South Cleveland, TN | 7,481 | 83 | 1.0x |
