Bolivar, TN vs Loretto, TN

Loretto is moderately more affordable than Bolivar, with a 7.2% lower cost of living index. Bolivar scores 68 compared to 64 for Loretto, where the US average is 100. This difference means residents of Bolivar can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Bolivar is $827/month compared to $684/month in Loretto — a 21% difference. Home values follow the same pattern: Loretto is more affordable at $133,000 median vs $136,000.

Median household income in Bolivar is $38,575 compared to $51,771 in Loretto (-25.5%). Loretto offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Bolivar spend roughly 25.7% of their income on rent, more than the 15.9% in Loretto.