| Index | Millington | Tennessee | National |
| Cost of living | 90 | 92 | 100 |
| Groceries | 100 | 98 | 100 |
| Health care | 98 | 97 | 100 |
| Housing | 75 | 80 | 100 |
| Transportation | 96 | 97 | 100 |
| Utilities | 95 | 98 | 100 |
| Lifestyle & Entertainment | 97 | 97 | 100 |
| Household Items | 97 | 98 | 100 |
| Education & Childcare | 94 | 97 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Millington? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Millington stands at 90, making it 10% lower than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
The cost of living in Millington 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. Millington 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 Millington 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 Millington, for instance, where the median home price falls 35.3% lower than the national average, and monthly rent rates are 0.3% lower than usual. Additionally, median income levels contribute to the equation, with Millington flaunting a median household income of $76,096, 6.4% lower than the national norm.
Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Millington, the transportation index is 4.2% lower than the national average.
Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In Millington, healthcare costs are 1.7% lower than the national average.
Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Millington, the groceries index is 0.3% lower than the national average.
The cost of living estimates displayed for Millington are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across 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 | $85,448 | $7,121 | $1,994 | $2,564 |
| Renters | $69,488 | $5,791 | $1,621 | $2,085 |
| State | General Sales Tax | With Max Surtax |
| Tennessee | 7% | 9.75% |
| State | Income Tax (Low) | Income Tax (High) |
| Tennessee | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Bassett, AR | 150 | 97 | 3.0% |
| Joiner, AR | 576 | 79 | 20.5% |
| Memphis, TN | 674,455 | 91 | 9.1% |
| Gilt Edge, TN | 467 | 92 | 7.7% |
| Brighton, TN | 3,015 | 94 | 6.4% |
| Millington, TN | 11,024 | 90 | 9.6% |
| City | Population | Cost of Living Index | National Avg. |
| Yazoo City, MS | 11,022 | 81 | 19.1% |
| Arkadelphia, AR | 11,027 | 86 | 14.4% |
| Melissa, TX | 11,030 | 125 | 25.0% |
| Notre-Dame-de-l'Île-Perrot, QC | 11,017 | n/a | |
| Comstock Park, MI | 11,032 | 95 | 4.8% |
| Millington, TN | 11,024 | 90 | 9.6% |
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