| Index | Clarksville | Indiana | National |
| Cost of living | 91 | 89 | 100 |
| Groceries | 97 | 97 | 100 |
| Health care | 97 | 97 | 100 |
| Housing | 76 | 72 | 100 |
| Transportation | 96 | 96 | 100 |
| Utilities | 98 | 96 | 100 |
| Lifestyle & Entertainment | 98 | 95 | 100 |
| Household Items | 98 | 98 | 100 |
| Education & Childcare | 99 | 94 | 100 |
Getting a feel for the cost of living in Clarksville is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Clarksville is 91, which is 9% lower than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
The cost of living in Clarksville aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, household expenses, health care and utility bills are priced at a level consistent with the average in similar urban areas. Clarksville residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.
Is Clarksville affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Clarksville, for instance, where the median home price falls 28.8% lower than the national average, and monthly rent rates are 12.1% lower than usual. Additionally, median income levels contribute to the equation, with Clarksville flaunting a median household income of $69,304, 14.8% lower than the national norm.
Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Clarksville, the prevailing sales tax rate starts at 7%, and income tax rates kick off at 3.15%.
Housing: Elevated demand for housing within coveted locales has the propensity to escalate both property values and rental rates, thereby serving as a primary catalyst for an augmented cost of living. Conversely, areas witnessing diminished housing demand, particularly within less desirable environs, often experience an inversely proportional effect, leading to price reductions and subsequently contributing to a more modest cost of living. In Clarksville, the housing index is 23.8% lower than the national average.
Utilities: Much like any other costs, utility expenses can exhibit considerable variations, influenced by factors such as climate, available energy sources, geographic location and state regulations. The costs associated with electricity, water, heating, and waste disposal can vary significantly depending on the city or state in question. In Clarksville, the utilities index stands at 2.1% lower than the national average.
The cost of living data for Clarksville shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $81,133 | $6,761 | $1,893 | $2,434 |
| Renters | $53,393 | $4,449 | $1,246 | $1,602 |
| State | General Sales Tax | With Max Surtax |
| Indiana | 7% | 7% |
| State | Income Tax (Low) | Income Tax (High) |
| Indiana | 3.15% | 3.15% |
| City | Population | Cost of Living Index | National Avg. |
| South Park View, KY | 5 | 97 | 3.0% |
| New Pekin, IN | 1,186 | 84 | 15.6% |
| Watterson Park, KY | 988 | 87 | 12.8% |
| West Buechel, KY | 2,113 | 87 | 12.6% |
| Shively, KY | 16,091 | 87 | 12.8% |
| Clarksville, IN | 22,296 | 91 | 9.0% |
| City | Population | Cost of Living Index | National Avg. |
| South Holland, IL | 22,294 | 101 | 1.3% |
| Massapequa, NY | 22,302 | 163 | 63.0% |
| Perrysburg, OH | 22,288 | 103 | 3.3% |
| Yellowknife, NT | 22,316 | n/a | |
| Roselle, NJ | 22,321 | 116 | 15.7% |
| Clarksville, IN | 22,296 | 91 | 9.0% |
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