Milan, TN vs New Tazewell, TN

Milan, TN and New Tazewell, TN have a very similar cost of living, with only a 2.8% difference in their overall index. Milan scores 65 while New Tazewell scores 67 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 Milan is $802/month compared to $690/month in New Tazewell — a 16% difference. Interestingly, home values tell a different story: while New Tazewell has cheaper rent, Milan actually has lower median home values ($121,400 vs $162,500).

Median household income in Milan is $45,608 compared to $55,254 in New Tazewell (-17.5%). While New Tazewell is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Milan spend roughly 21.1% of their income on rent, more than the 15% in New Tazewell.