Cost of Living in Lakewood Park, TN

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A+
19%
Overall NAT. AVG.
2%
Groceries NAT. AVG.
60%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Lakewood Park Tennessee National
Cost of living8192100
Groceries9898100
Health care9697100
Housing4080100
Transportation9997100
Utilities10198100
Lifestyle & Entertainment9297100
Household Items10198100
Education & Childcare10097100
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Homes For Sale In Lakewood Park, TN

property for sale

160 Oak Dr

Beechgrove, TN
property for sale

104 Enfield Dr

Beechgrove, TN
property for sale

Oak Dr

Beechgrove, TN
property for sale

11 Old Hickory Dr

Beechgrove, TN

Cost Of Living Quick Facts

  • The cost of living in Lakewood Park is 13% lower than the Tennessee average
  • The cost of living in Lakewood Park is 19% lower than the national average
  • Lakewood Park housing is 60% lower than the national average
  • Tennessee general sales tax is 37% higher than the national average
  • Tennessee state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around Lakewood Park

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Compare Lakewood Park, TN Cost of Living

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      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$49,760$4,147$1,161$1,493
      Renters$0$0$0$0

      Tennessee Sales Tax

      State General Sales Tax With Max Surtax
      Tennessee 7% 9.75%

      Tennessee Income Tax

      State Income Tax (Low) Income Tax (High)
      Tennessee 0% 0%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Centertown, TN3348614.2%
      Morrison, TN7038712.8%
      Wartrace, TN6758811.5%
      Normandy, TN164919.2%
      Woodbury, TN2,899918.8%
      Lakewood Park, TN9578119.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Oakley, ID957982.2%
      Tsawwassen, BC957n/a 
      Leesburg, AL958937.4%
      Tres Pinos, CA95819897.7%
      Woods Hole, MA95817978.7%
      Lakewood Park, TN9578119.4%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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