Cost of Living in Fairmount, TN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
176.9
100 = national avg
+76.9 vs national average
Living Wage (1 Adult)
$77,816
per year
Living Wage (Family of 4)
$183,929
per year
Cost Index by Category
Housing183.0
Food151.8
Transportation203.7
Healthcare141.5
Utilities147.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,263
per month
2 Bedroom
$1,390
per month
The overall cost of living index in Fairmount is 176.9, which is 76.9% above the national average. Housing costs are above the national average at an index of 183.0. A single adult needs to earn approximately $77,816 per year to cover basic expenses.