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Martin, TN vs Oak Ridge, TN

71
Martin
Tennessee
VS
-15.2%
84
Oak Ridge
Tennessee

There is a significant gap in the cost of living between these two cities. Martin is 15.2% cheaper than Oak Ridge. With a cost index of 71 vs 84, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Martin to Oak Ridge should plan for substantially higher expenses across most categories.

On the housing front, median rent in Martin is $808/month compared to $1,076/month in Oak Ridge — a 25% difference. Home values follow the same pattern: Martin is more affordable at $177,700 median vs $233,500.

Median household income in Martin is $41,510 compared to $71,000 in Oak Ridge (-41.5%). While Oak Ridge is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Martin spend roughly 23.4% of their income on rent, more than the 18.2% in Oak Ridge.

Income & Cost

Cost of Living Index
Martin
71
15% cheaper
Oak Ridge
84
Median Household Income
Martin
$41,510
Oak Ridge
$71,000
42% higher

Housing

Median Rent
Martin
$808
25% cheaper
Oak Ridge
$1,076
Median Home Value
Martin
$177,700
24% cheaper
Oak Ridge
$233,500
Population
Martin
10,864
Oak Ridge
32,088

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Martin
Oak Ridge $2.89
US $3.07
🥚
Eggs (grade A, large)
Martin
Oak Ridge $2.36
US $2.50
🥛
Milk (whole)
Martin
Oak Ridge $3.80
US $4.03
🍞
Bread (white)
Martin
Oak Ridge $1.74
US $1.85
🍗
Chicken breast
Martin
Oak Ridge $3.91
US $4.14
Electricity
Martin
Oak Ridge $0.15
US $0.19