Cost of Living in Red Bank, TN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
105.1
100 = national avg
+5.1 vs national average
Living Wage (1 Adult)
$46,242
per year
Living Wage (Family of 4)
$109,300
per year
Cost Index by Category
Housing120.4
Food97.2
Transportation94.5
Healthcare97.8
Utilities102.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,263
per month
2 Bedroom
$1,390
per month
The overall cost of living index in Red Bank is 105.1, which is 5.1% above the national average. Housing costs are above the national average at an index of 120.4. A single adult needs to earn approximately $46,242 per year to cover basic expenses.