Cost of Living in Pegram, TN

With a cost of living index of 107, Pegram, TN is somewhat more expensive than average. Living here is 7% more expensive than the national average and 26% above the Tennessee state average of 80. Pegram is a small community of 2,216 residents.

Housing costs are the biggest factor in Pegram's cost of living. The median monthly rent is $1,481 (12% above the US median of $1,319), and the median home value sits at $337,400 (11% above the national median of $304,900). At current prices, the median home costs roughly 3.3x the median household income — a moderately affordable ratio by today's standards.

The median household income in Pegram is $102,396, which is 36% higher than the national median of $75,149. Residents spend roughly 17% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Everyday prices in the Nashville-Davidson--Murfreesboro--Franklin, TN (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.