Cost of Living in Ridgely, TN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
54.3
100 = national avg
-45.7 vs national average
Living Wage (1 Adult)
$23,872
per year
Living Wage (Family of 4)
$56,425
per year
Cost Index by Category
Housing51.8
Food68.7
Transportation37.3
Healthcare74.9
Utilities71.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$705
per month
2 Bedroom
$925
per month
The overall cost of living index in Ridgely is 54.3, which is 45.7% below the national average. Housing costs are below the national average at an index of 51.8. A single adult needs to earn approximately $23,872 per year to cover basic expenses.