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.

Sample items cost of living index:
99.9%    grocery items
76.7%    housing
 108.8%    utilities
 94.8%    transportation
 91.5%    healthcare
 99.6%    misc. goods & services



Tuesday, August 4, 2020

The Clarksville-Montgomery County Industrial Development Board (IDB) is pleased to announce Wally Crow as the Chairman of the Board for the 2020-2021 term. Crow previously served as IDB Chair for the 2016-2017 term and has an extensive history in commercial and industrial contracting, project management, civil engineering and planning.

Friday, July 10, 2020

 “As we take time to reflect on the success and the accomplishments our great community has seen this past year I am pleased to share that the economic development efforts of the Clarksville-Montgomery County Industrial Development Board (IDB) have impacted the prosperity of every business, friend, family, and neighbor in Montgomery County and throughout the region,” said Frank Tate, Executive Director, Industrial Development Board. “The IDB is a community organization, that was established in 1963, designed to market growth and foster job development by creating an environment that provides progress and a high quality of life for our citizens. Our strategy is simple, to put the county in a competitive position to grow, attract and retain the types of companies we desire.”

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