Calhoun, TN vs Spencer, TN

Calhoun, TN and Spencer, TN have a very similar cost of living, with only a 2.1% difference in their overall index. Calhoun scores 64 while Spencer scores 63 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 Calhoun is $717/month compared to $643/month in Spencer — a 12% difference. Interestingly, home values tell a different story: while Spencer has cheaper rent, Calhoun actually has lower median home values ($132,200 vs $135,000).

Median household income in Calhoun is $44,519 compared to $46,563 in Spencer (-4.4%). Spencer offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Calhoun spend roughly 19.3% of their income on rent, more than the 16.6% in Spencer.