Cost of Living in Buchanan, TN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
114.6
100 = national avg
+14.6 vs national average
Living Wage (1 Adult)
$50,421
per year
Living Wage (Family of 4)
$119,177
per year
Cost Index by Category
Housing117.3
Utilities105.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$723
per month
2 Bedroom
$949
per month
The overall cost of living index in Buchanan is 114.6, which is 14.6% above the national average. Housing costs are above the national average at an index of 117.3. A single adult needs to earn approximately $50,421 per year to cover basic expenses.