La Vergne, TN vs Lakeland, TN

La Vergne, TN and Lakeland, TN have a very similar cost of living, with only a 3% difference in their overall index. La Vergne scores 108 while Lakeland scores 112 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 Vergne is $1,714/month compared to $1,611/month in Lakeland — a 6% difference. Interestingly, home values tell a different story: while Lakeland has cheaper rent, La Vergne actually has lower median home values ($273,700 vs $373,800).

Median household income in La Vergne is $80,418 compared to $113,843 in Lakeland (-29.4%). While Lakeland 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 Vergne spend roughly 25.6% of their income on rent, more than the 17% in Lakeland.