Cost of Living in Palmer, TN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
65.9
100 = national avg
-34.1 vs national average
Living Wage (1 Adult)
$28,980
per year
Living Wage (Family of 4)
$68,499
per year
Cost Index by Category
Housing52.2
Food81.5
Transportation63.1
Healthcare85.2
Utilities79.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$844
per month
2 Bedroom
$925
per month
The overall cost of living index in Palmer is 65.9, which is 34.1% below the national average. Housing costs are below the national average at an index of 52.2. A single adult needs to earn approximately $28,980 per year to cover basic expenses.