Oak Ridge, TN vs Soddy-Daisy, TN

Oak Ridge, TN and Soddy-Daisy, TN have a very similar cost of living, with only a 2.1% difference in their overall index. Oak Ridge scores 84 while Soddy-Daisy scores 82 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 Oak Ridge is $1,076/month compared to $996/month in Soddy-Daisy — a 8% difference. Interestingly, home values tell a different story: while Soddy-Daisy has cheaper rent, Oak Ridge actually has lower median home values ($233,500 vs $241,400).

Median household income in Oak Ridge is $71,000 compared to $67,824 in Soddy-Daisy (+4.7%). 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 Oak Ridge spend roughly 18.2% of their income on rent, more than the 17.6% in Soddy-Daisy.