Cost of Living in Michie, TN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
90.8
100 = national avg
-9.2 vs national average
Living Wage (1 Adult)
$39,953
per year
Living Wage (Family of 4)
$94,433
per year
Cost Index by Category
Housing70.7
Food101.8
Transportation103.7
Healthcare101.5
Utilities95.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$742
per month
2 Bedroom
$925
per month
The overall cost of living index in Michie is 90.8, which is 9.2% below the national average. Housing costs are below the national average at an index of 70.7. A single adult needs to earn approximately $39,953 per year to cover basic expenses.