Elgin, TN vs Parker's Crossroads, TN

Elgin, TN and Parker's Crossroads, TN have a very similar cost of living, with only a 4.1% difference in their overall index. Elgin scores 70 while Parker's Crossroads scores 68 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.

Renters will find that Elgin has a median rent of $433/month while Parker's Crossroads comes in at $686/month, a 37% difference.

Median household income in Elgin is $22,656 compared to $70,313 in Parker's Crossroads (-67.8%). Parker's Crossroads offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Elgin spend roughly 22.9% of their income on rent, more than the 11.7% in Parker's Crossroads.