Cost of Living

Clarksville-Montgomery County participates in the national ACCRA Cost of Living Index produced by the Council for Community and Economic Research (C2ER). The Cost of Living Index provides a useful and reasonably accurate measure of living cost differences among urban areas. Items on which the Index is based have been carefully chosen to reflect the different categories of consumer expenditures. All items are priced in each place at a specified time and according to standardized specifications.

The ACCRA Cost of Living Index measures relative price levels for consumer goods and services in participating areas. It is based on more than 50,000 prices covering almost 60 different items for which prices are collected three times a year by chambers of commerce, economic development organizations or university applied economic centers in each participating urban area.

The composite index is based on six components - housing, utilities, grocery items, transportation, health care and miscellaneous goods and services. The average for all participating places, both metropolitan and nonmetropolitan, equals 100, and each participant's index is read as a percentage of the average for all places.

The Index's 2017 Annual Review lists Clarksville-Montgomery County as having a Cost of Living Index of 93.5 or 93.5%.

Therefore, Clarksville-Montgomery County has a 6.5% lower than average cost of living. See the full report here.

More specifically, Clarksville-Montgomery County has a cost of living index of:
99.9% on grocery items
76.7% on housing
108.8% on utilities
94.8% on transportation
91.5% on healthcare
99.6% on miscellaneous goods and services

News

Monday, April 17, 2017

Shiloh Industries is gearing up for new product production in the Corporate Business Park with the first new die cast machine expected to be installed this week.

Thursday, April 6, 2017

The Clarksville-Montgomery County Economic Development Council (EDC) launched a new online resource today at www.clarksvillepartnershipdata.com

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