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 2013 Annual Review lists Clarksville-Montgomery County as having a Cost of Living Index of 88.0, or 88%. Therefore, Clarksville-Montgomery County has a 12% lower than average cost of living.

More specifically, Clarksville-Montgomery County has a cost of living index of:
89.4% on grocery items
78.7% on housing
86.3 % on utilities
89.9% on transportation
94.9% on healthcare
94.7% on miscellaneous goods and services

News

Tuesday, February 28, 2017

Tennessee Gov. Bill Haslam, the Department of Economic and Community Development and LG Electronics Inc. officials today announced the company will build a new home appliance manufacturing facility in Clarksville. The global manufacturer, with headquarters in South Korea, is a leader in appliances, electronics and mobile devices. LG will invest $250 million in the facility, creating at least 600 new jobs in Montgomery County. 

Thursday, December 15, 2016

The Clarksville metropolitan statistical area (MSA) ranked 19th in the nation for fastest job growth. A report released today from 24/7 Wall St., a Delaware-based financial news company, studied employment and job growth from October 2015 to October 2016 for 387 metro areas and announced the top 25 U.S. cities.

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