Ardmore, TN vs Spurgeon, TN
Ardmore, TN and Spurgeon, TN have a very similar cost of living, with only a 3.1% difference in their overall index. Ardmore scores 72 while Spurgeon scores 70 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.
On the housing front, median rent in Ardmore is $887/month compared to $796/month in Spurgeon — a 11% difference. Interestingly, home values tell a different story: while Spurgeon has cheaper rent, Ardmore actually has lower median home values ($160,200 vs $197,500).
Median household income in Ardmore is $55,000 compared to $66,091 in Spurgeon (-16.8%). Spurgeon offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Ardmore spend roughly 19.4% of their income on rent, more than the 14.5% in Spurgeon.
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