Cost of Living in Banner Hill, TN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
84.7
100 = national avg
-15.3 vs national average
Living Wage (1 Adult)
$37,279
per year
Living Wage (Family of 4)
$88,114
per year
Cost Index by Category
Housing57.1
Food100.7
Transportation101.3
Healthcare100.5
Utilities91.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$893
per month
2 Bedroom
$1,132
per month
The overall cost of living index in Banner Hill is 84.7, which is 15.3% below the national average. Housing costs are below the national average at an index of 57.1. A single adult needs to earn approximately $37,279 per year to cover basic expenses.