Algood, TN vs Lone Oak, TN

Algood is moderately more affordable than Lone Oak, with a 6.7% lower cost of living index. Algood scores 72 compared to 77 for Lone Oak, where the US average is 100. This difference means residents of Lone Oak can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Algood is $822/month compared to $820/month in Lone Oak — a 0% difference. Interestingly, home values tell a different story: while Lone Oak has cheaper rent, Algood actually has lower median home values ($179,400 vs $241,100).

Median household income in Algood is $40,514 compared to $53,214 in Lone Oak (-23.9%). While Lone Oak is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Algood spend roughly 24.3% of their income on rent, more than the 18.5% in Lone Oak.