Gates, TN vs New Market, TN

Gates is moderately more affordable than New Market, with a 14.3% lower cost of living index. Gates scores 62 compared to 73 for New Market, where the US average is 100. This difference means residents of New Market can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Gates is $759/month compared to $946/month in New Market — a 20% difference. Home values follow the same pattern: Gates is more affordable at $88,500 median vs $166,400.

Median household income in Gates is $39,815 compared to $70,913 in New Market (-43.9%). While New Market is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Gates spend roughly 22.9% of their income on rent, more than the 16% in New Market.