Milan, TN vs Shelbyville, TN
There is a significant gap in the cost of living between these two cities. Milan is 18.1% cheaper than Shelbyville. With a cost index of 65 vs 79, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Milan to Shelbyville should plan for substantially higher expenses across most categories.
On the housing front, median rent in Milan is $802/month compared to $935/month in Shelbyville — a 14% difference. Home values follow the same pattern: Milan is more affordable at $121,400 median vs $224,700.
Median household income in Milan is $45,608 compared to $52,290 in Shelbyville (-12.8%). The higher salaries in Shelbyville partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Milan spend roughly 21.1% of their income on rent, less than the 21.5% in Shelbyville.
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