Cost of Living in Troy, TN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
80.5
100 = national avg
-19.5 vs national average
Living Wage (1 Adult)
$35,432
per year
Living Wage (Family of 4)
$83,747
per year
Cost Index by Category
Housing70.8
Food90.2
Transportation80.5
Healthcare92.2
Utilities88.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$727
per month
2 Bedroom
$925
per month
The overall cost of living index in Troy is 80.5, which is 19.5% below the national average. Housing costs are below the national average at an index of 70.8. A single adult needs to earn approximately $35,432 per year to cover basic expenses.