Cost of Living in Lakeland, TN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
163.5
100 = national avg
+63.5 vs national average
Living Wage (1 Adult)
$71,926
per year
Living Wage (Family of 4)
$170,008
per year
Cost Index by Category
Housing182.5
Food137.0
Transportation174.0
Healthcare129.6
Utilities138.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,154
per month
2 Bedroom
$1,274
per month
The overall cost of living index in Lakeland is 163.5, which is 63.5% above the national average. Housing costs are above the national average at an index of 182.5. A single adult needs to earn approximately $71,926 per year to cover basic expenses.