A+
14%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
29%
Housing NAT. AVG.
Search Homes for Sale
Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Dyersburg Tennessee National
Cost of living8689100
Goods & Services9494100
Groceries9798100
Health care8788100
Housing7180100
Transportation8989100
Utilities8693100

An Overview of Cost of Living in Dyersburg, TN

Understanding the cost of living in Dyersburg can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Dyersburg cost of living index is 86, which is 14% lower than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

Is Dyersburg Affordable?

Is Dyersburg an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Dyersburg, the median home price is 29% lower than what most folks pay across the country, and monthly rent prices are 29.6% lower than the usual rates. Income levels in Dyersburg come in at $41,724, which is 24.6% lower than the national average.

What Factors can Influence the Cost of Living in Dyersburg?

Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.

Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In Dyersburg, the utilities index registers at 14.4% lower than the national average.

Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Dyersburg, is 29.2% lower than the national average.

Where is the Data From?

The cost of living data in Dyersburg displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

New Real Estate Listings in Dyersburg Area
Search Homes for Sale in Dyersburg, TN

Cost Of Living Quick Facts

  • The cost of living in Dyersburg is 4% lower than the Tennessee average
  • The cost of living in Dyersburg is 14% lower than the national average
  • Dyersburg housing is 29% lower 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

Most Affordable Places to Live in and Around Dyersburg

See all the best places to live around Dyersburg

Compare Dyersburg, TN Cost of Living

      vs
      How would you rate the cost of living in Dyersburg?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Dyersburg?
      Write a review to give others more information about this area.
      See all Dyersburg poll results

      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$66,549$5,546$1,553$1,997
      Renters$27,444$2,287$640$823
      A good way to judge both the affordability of the housing and the cost of living in Dyersburg is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Dyersburg has a median income of about $66,549 for people who own homes. Based on that number, a maximum of $1,553 should be spent on expenses related to housing. Renters have a slightly different median income, which is $27,444. Based on this average, renters should spend no more than $640 on all rental costs if they want to maintain a non-impoverished standard of living.

      Tennessee Sales Tax

      State General Sales Tax With Max Surtax
      Tennessee 7% 9.75%

      Tennessee Income Tax

      State Income Tax (Low) Income Tax (High)
      Tennessee 0% 0%

      Goods & Services

      Item Dyersburg National avg. Difference
      Haircut $24.01$24.261.0%
      Beauty Salon $33.55$45.5626.4%
      Toothpaste $3.74$3.701.1%
      Shampoo $1.08$1.2815.9%
      Movie $11.93$12.131.7%
      Bowling $12.50$18.0030.6%

      Groceries

      Item Dyersburg National avg. Difference
      Ground Beef $5.94$5.841.7%
      Fried Chicken $1.67$1.576.2%
      Milk $4.54$4.672.8%
      Potatoes $5.03$4.931.9%
      Pizza $12.00$12.090.7%
      Beer $9.74$10.416.5%

      Health Care

      Item Dyersburg National avg. Difference
      Optometrist $127.08$125.681.1%
      Doctor $138.39$135.781.9%
      Dentist $86.67$113.2923.5%
      Ibuprofen $10.10$10.655.2%
      Lipitor $338.33$468.6027.8%

      Housing

      Item Dyersburg National avg. Difference
      Home Price $131,200.00$184,700.0029.0%
      Avg. Mortgage Payment $1,691.70$2,346.6927.9%
      Apartment Rent $668.00$949.0029.6%

      Transportation

      Item Dyersburg National avg. Difference
      Gasoline $3.15$3.469.0%
      Tire Balancing $50.50$59.9215.7%

      Utilities

      Item Dyersburg National avg. Difference
      All Electricity $148.29$193.9923.6%
      Phone $192.18$192.250.0%
      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 Population Cost of Living Index National Avg.
      Ridgely, TN1,8827722.7%
      Trimble, TN7827722.6%
      Friendship, TN7057821.9%
      Gates, TN4898020.3%
      Yorkville, TN2198119.5%
      Dyersburg, TN16,3718614.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Cañon City, CO16,3691033.0%
      Red Wing, MN16,366963.6%
      Severn, ON16,377n/a 
      Adelphi, MD16,36412928.6%
      Heber, UT16,36212322.9%
      Dyersburg, TN16,3718614.4%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.