Cost of Living in Randolph, TN

With a cost of living index of 89, Randolph, TN is a very affordable place to live. Living here is 11% cheaper than the national average and 9% above the Tennessee state average of 80. Randolph is a small community of 216 residents.

The median household income in Randolph is $63,542, which is 15% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Everyday prices in the Memphis, TN-MS-AR (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.