La Follette, TN vs Monterey, TN

La Follette, TN and Monterey, TN have a very similar cost of living, with only a 2.9% difference in their overall index. La Follette scores 62 while Monterey scores 64 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 La Follette is $690/month compared to $688/month in Monterey — a 0% difference. Interestingly, home values tell a different story: while Monterey has cheaper rent, La Follette actually has lower median home values ($106,000 vs $130,600).

Median household income in La Follette is $34,678 compared to $42,402 in Monterey (-18.2%). While Monterey is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of La Follette spend roughly 23.9% of their income on rent, more than the 19.5% in Monterey.