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Parsons, TN vs Savannah, TN

63
Parsons
Tennessee
VS
-7.8%
69
Savannah
Tennessee

Parsons is moderately more affordable than Savannah, with a 7.8% lower cost of living index. Parsons scores 63 compared to 69 for Savannah, where the US average is 100. This difference means residents of Savannah can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Parsons is $731/month compared to $757/month in Savannah — a 3% difference. Home values follow the same pattern: Parsons is more affordable at $107,400 median vs $163,100.

Median household income in Parsons is $32,129 compared to $41,396 in Savannah (-22.4%). While Savannah is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Parsons spend roughly 27.3% of their income on rent, more than the 21.9% in Savannah.

Income & Cost

Cost of Living Index
Parsons
63
8% cheaper
Savannah
69
Median Household Income
Parsons
$32,129
Savannah
$41,396
22% higher

Housing

Median Rent
Parsons
$731
3% cheaper
Savannah
$757
Median Home Value
Parsons
$107,400
34% cheaper
Savannah
$163,100
Population
Parsons
2,578
Savannah
7,219

Salary Equivalency Calculator

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