Algood, TN vs Benton, TN
There is a significant gap in the cost of living between these two cities. Benton is 16.9% cheaper than Algood. With a cost index of 61 vs 72, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Benton to Algood should plan for substantially higher expenses across most categories.
On the housing front, median rent in Algood is $822/month compared to $530/month in Benton — a 55% difference. Home values follow the same pattern: Benton is more affordable at $167,700 median vs $179,400.
Median household income in Algood is $40,514 compared to $35,000 in Benton (+15.8%). The higher salaries in Algood partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Algood spend roughly 24.3% of their income on rent, more than the 18.2% in Benton.
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