Ashland City, TN vs Three Way, TN

Ashland City, TN and Three Way, TN have a very similar cost of living, with only a 3.7% difference in their overall index. Ashland City scores 96 while Three Way scores 99 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 Ashland City is $1,333/month compared to $1,650/month in Three Way — a 19% difference. Interestingly, home values tell a different story: while Ashland City has cheaper rent, Three Way actually has lower median home values ($231,200 vs $259,900).

Median household income in Ashland City is $73,921 compared to $91,845 in Three Way (-19.5%). While Three Way is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Ashland City spend roughly 21.6% of their income on rent, less than the 21.6% in Three Way.