Cost of Living in Tracy City, TN

With a cost of living index of 54, Tracy City, TN is one of the most affordable cities in the country. Living here is 46% cheaper than the national average and 27% below the Tennessee state average of 80. Tracy City is a small community of 1,924 residents.

Housing costs are the biggest factor in Tracy City's cost of living. The median monthly rent is $393 (70% below the US median of $1,319), and the median home value sits at $116,000 (62% below the national median of $304,900). At current prices, the median home costs roughly 3x the median household income — well within traditional affordability guidelines.

The median household income in Tracy City is $38,250, which is 49% lower than the national median of $75,149. Residents spend roughly 12% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Everyday prices in the Chattanooga, TN-GA (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.