Martin, TN vs Oak Ridge, TN
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.
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