Elizabethton, TN vs Madisonville, TN

Elizabethton, TN and Madisonville, TN have a very similar cost of living, with only a 3% difference in their overall index. Elizabethton scores 67 while Madisonville scores 69 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 Elizabethton is $751/month compared to $663/month in Madisonville — a 13% difference. Interestingly, home values tell a different story: while Madisonville has cheaper rent, Elizabethton actually has lower median home values ($159,700 vs $202,600).

Median household income in Elizabethton is $44,834 compared to $45,274 in Madisonville (-1%). Madisonville does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Elizabethton spend roughly 20.1% of their income on rent, more than the 17.6% in Madisonville.