Smithville, TN vs Troy, TN

Smithville, TN and Troy, TN have a very similar cost of living, with only a 4% difference in their overall index. Smithville scores 67 while Troy scores 64 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 Smithville is $676/month compared to $764/month in Troy — a 12% difference. Interestingly, home values tell a different story: while Smithville has cheaper rent, Troy actually has lower median home values ($110,800 vs $153,500).

Median household income in Smithville is $29,507 compared to $52,656 in Troy (-44%). Troy offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Smithville spend roughly 27.5% of their income on rent, more than the 17.4% in Troy.