Cost of Living in Iron City, TN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
40.1
100 = national avg
-59.9 vs national average
Living Wage (1 Adult)
$17,659
per year
Living Wage (Family of 4)
$41,739
per year
Cost Index by Category
Housing26.3
Food63.4
Transportation26.8
Healthcare70.7
Utilities63.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$716
per month
2 Bedroom
$939
per month
The overall cost of living index in Iron City is 40.1, which is 59.9% below the national average. Housing costs are below the national average at an index of 26.3. A single adult needs to earn approximately $17,659 per year to cover basic expenses.