Cost of Living in Prospect, TN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
92.1
100 = national avg
-7.9 vs national average
Living Wage (1 Adult)
$40,518
per year
Living Wage (Family of 4)
$95,769
per year
Cost Index by Category
Housing58.8
Food107.0
Transportation121.3
Healthcare105.6
Utilities96.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$763
per month
2 Bedroom
$1,001
per month
The overall cost of living index in Prospect is 92.1, which is 7.9% below the national average. Housing costs are below the national average at an index of 58.8. A single adult needs to earn approximately $40,518 per year to cover basic expenses.