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← Memphis, TN metro

Lakeland, TN

Rows tagged local are specific to Lakeland (Census ACS); state rows are state averages; metro-area rows are inherited from Memphis, TN. Home value is ACS owner-reported (not a Zillow sale price).

School score: 6/10 (district 4700152 · NCES EDFacts)

Cost of living

MetricValueScopeUS rank
Cost-of-living index (US=100)91.9metro-area#0 of 200
Grocery index (US=100)94.3metro-area#0 of 200
Big Mac price (est.)$5.23metro-area#0 of 200
Median household income$108,206local#0 of 200
Median wage (all occupations)$53,363local#0 of 200

Economy

MetricValueScopeUS rank
Unemployment rate3.08%local#0 of 200
Population growth (5-yr)+9.4%local#0 of 200

Housing — what your money buys

MetricValueScopeUS rank
Median home price$350,900local#0 of 200
Home price ÷ income (affordability)3.2×local#0 of 200
1-yr home appreciation+0.1%metro-area#0 of 200
Price per square foot$175local#0 of 200
Typical home size (implied)2,001 sqft
Median rent (monthly)$1,480local#0 of 200
Homes for sale (inventory)6,017
Median days on market24metro-area#0 of 200

Taxes

MetricValueScopeUS rank
Total tax burden (est. % of income)7.6%state#0 of 200
Combined sales tax9.55%state#0 of 200
State income tax (top rate)None
Capital gains taxNonestate#0 of 200
High earnersNo special surtax
Effective property tax rate1.02%local#0 of 200
Median property tax paid$3,565local#0 of 200

Healthcare & childcare

MetricValueScopeUS rank
Healthcare (annual, single adult)$6,300state#0 of 200
Childcare (annual, infant, center)$9,000state#0 of 200

Vehicles & commute

MetricValueScopeUS rank
Annual registration$55state#0 of 200
Vehicle property tax (annual)Nonestate#0 of 200
Emissions testingNot required
Emissions detailStatewide testing ended 2022
DMV & license offices7
Avg commute to work27 minlocal#0 of 200

Utilities & fuel

MetricValueScopeUS rank
Electricity14.9¢/kWhstate#0 of 200
Avg monthly electric bill$134state#0 of 200
Gasoline$2.95/galstate#0 of 200
Natural gas (avg monthly bill)$62state#0 of 200
Water & sewer (avg monthly bill)$121state#0 of 200
Home internet (avg monthly bill)$80state#0 of 200

Insurance

MetricValueScopeUS rank
Home insurance (annual)$2,200state#0 of 200
Auto insurance (annual)$1,600state#0 of 200

Disaster risk & supplemental insurance

MetricValueScopeUS rank
Main natural hazardsNotable hazards: tornadoes, earthquakes — separate flood/quake/windstorm policies may be needed.
Flood insurance (annual, NFIP)$700state#0 of 200
Earthquake insurance (annual)$350state#0 of 200

Climate & air quality

MetricValueScopeUS rank
Air quality (median AQI, lower=cleaner)56metro-area#0 of 200
Cooling degree-days (AC load)1,700metro-area#0 of 200
Heating degree-days (heat load)3,600metro-area#0 of 200
Avg summer high89°Fmetro-area#0 of 200
Avg winter low30°Fmetro-area#0 of 200
Annual precipitation54.9"metro-area#0 of 200
Annual snowfall2.7"metro-area#0 of 200
Sunshine (% of possible)64%metro-area#0 of 200
Plant hardiness zone7a
Frost window04-10 → 11-01

Safety

MetricValueScopeUS rank
Violent crime (per 100k, state avg)600state#0 of 200
Property crime (per 100k, state avg)2,600state#0 of 200

Local amenities & recreation

MetricValueScopeUS rank
Grocery stores37metro-area#0 of 200
Parks55
Hiking areas12
Golf courses18
Shooting ranges5
Lakes12

Permits

MetricValueScopeUS rank
Building permit difficulty (1–5)2state#0 of 200
Permit detailGenerally easy

US rank = this metro's position among all 200 metros (1 = best: cheapest / safest / highest income, etc.). Childcare is a family cost, not included in the salary-equivalence total.