Atoka cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexAtokaTennesseeNational
Cost of living index9591100
IndexAtokaTennesseeNational
Goods & Services index9398100
Groceries index9192100
Health care index8589100
Housing index10280100
Transportation index8993100
Utilities index9791100
An overview of the general cost of living index for Atoka, TN is displayed above for your reference. Residents in Atoka, TN enjoy a cost of living index of 95. This index is 5% higher than the Tennessee average, and 5% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Atoka, TN, the average cost of goods and services is 6% lower than it is in Tennessee, and it is 8% lower than the national average.

Did you know?

  • The cost of living in Atoka is 5% higher than the Tennessee average.
  • The cost of living in Atoka is 5% lower than the national average.
  • The cost of housing in Atoka is 2% higher than the national average.
  • Tennessee general sales tax is 37% higher than the national average.
  • Tennessee state income tax is 100% lower than the national average.

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Compare Atoka, TN Cost of living To Other Cities

Salary Calculator

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Groceries index
Health care index
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Using the salary calculator lets you compare the salary you earn in Atoka, TN to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Atoka, TN, you have to earn a higher income in order to still have the same standard of living. To operate the Atoka, TN salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$84,154$7,013$1,963$2,525
Renters$29,479$2,457$688$884
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Atoka, TN, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Atoka, TN has a median income of about $84,154 for people who own homes. Based on that number, a person should spend a maximum of $1,963 on expenses related to housing. Renters have a slightly different median income, which is $29,479. Based on this average, renters should spend no more than $688 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Tennessee Sales Tax

StateGeneral Sales TaxWith Max Surtax
Tennessee7%9.75%

Tennessee Income Tax

StateIncome Tax (Low)Income Tax (High)
Tennessee0%0%
When assessing the complete cost of living in Atoka, TN, the Tennessee income tax and the Tennessee sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Tennessee maximum surtax is 9.75%, and the Tennessee sales tax is 7%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0% to 0% in Tennessee.

Goods & Services

ItemAtokaNational avg.Difference
Haircut $15.25$14.594.5%
Beauty Salon $30.80$34.6811.2%
Toothpaste $2.59$2.474.7%
Shampoo $0.82$1.0219.8%
Movie $10.30$9.874.4%
Bowling $3.41$4.3922.4%

Groceries

ItemAtokaNational avg.Difference
Ground Beef $4.79$4.487.0%
Fried Chicken $1.21$1.4617.4%
Milk $2.33$2.361.1%
Potatoes $3.15$3.062.9%
Pizza $8.39$9.249.2%
Beer $8.31$8.633.7%

Health Care

ItemAtokaNational avg.Difference
Optometrist $70.00$99.7829.8%
Doctor $83.80$105.0320.2%
Dentist $85.00$88.704.2%
Ibuprofen $8.48$9.419.9%
Lipitor $233.97$298.5021.6%

Housing

ItemAtokaNational avg.Difference
Home Price $173,600.00$175,700.001.2%
Avg. Mortgage Payment $730.10$1,081.0332.5%
Apartment Rent $1,006.00$920.009.3%

Transportation

ItemAtokaNational avg.Difference
Gasoline $1.87$2.0910.6%
Tire Balancing $40.40$45.2910.8%

Utilities

ItemAtokaNational avg.Difference
All Electricity$151.24$170.8011.5%
Phone $30.75$28.268.8%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Wilson, AR92779-21%
Mason, TN1,35780-20%
Covington, TN9,03382-18%
Gilt Edge, TN52883-17%
Burlison, TN45185-15%
Atoka, TN8,72795-5%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Ahuimanu, HI8,72818787%
Clinton, NC8,72990-10%
Memphis, FL8,72295-5%
White Meadow Lake, NJ8,73413636%
Port Jervis, NY8,7361066%
Atoka, TN8,72795-5%
Source: The Atoka, TN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.