Cost of Living in Parsons, TN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
65.1
100 = national avg
-34.9 vs national average
Living Wage (1 Adult)
$28,653
per year
Living Wage (Family of 4)
$67,726
per year
Cost Index by Category
Housing66.9
Food74.6
Transportation49.1
Healthcare79.6
Utilities78.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$736
per month
2 Bedroom
$925
per month
The overall cost of living index in Parsons is 65.1, which is 34.9% below the national average. Housing costs are below the national average at an index of 66.9. A single adult needs to earn approximately $28,653 per year to cover basic expenses.