Gallatin 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.
IndexGallatinTennesseeNational
Cost of living index9791100
IndexGallatinTennesseeNational
Goods & Services index10298100
Groceries index9492100
Health care index8689100
Housing index9280100
Transportation index9793100
Utilities index10291100
A general summary of the cost of living index in Gallatin, TN is shown above. Compared to the state average of Tennessee the cost of living index in Gallatin, TN is 97, which is 7% higher than the average in Tennessee and compared to the national average it is 3% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Gallatin, TN goods and services come in at 4% higher than the average in Tennessee and are 2% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Gallatin is 7% higher than the Tennessee average.
  • The cost of living in Gallatin is 3% lower than the national average.
  • The cost of housing in Gallatin is 8% 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.

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Compare Gallatin, TN Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Gallatin, TN to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Gallatin, TN, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Gallatin, TN salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$65,260$5,438$1,523$1,958
Renters$35,109$2,926$819$1,053
If you want to find a good determining factor for the cost of living and the general affordability of housing in Gallatin, TN, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Gallatin, TN, the median monthly income is $65,260 for those who own their own homes. Under the standard rule, that income level would allow for $1,523 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $35,109, per the median income in the area. That would allow for renters to spend up to $819 on monthly rental expenses.

Tennessee Sales Tax

StateGeneral Sales TaxWith Max Surtax
Tennessee7%9.75%

Tennessee Income Tax

StateIncome Tax (Low)Income Tax (High)
Tennessee0%0%
For those who live in Gallatin, TN and want to know what the true cost of living is, they ought to look at both the Tennessee income tax rate and the Tennessee sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Tennessee, the sales tax is 7%, while the most you'll pay in surtax is 9.75%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Tennessee, the income tax rate ranges between 0% to 0%.

Goods & Services

ItemGallatinNational avg.Difference
Haircut $16.40$14.5912.4%
Beauty Salon $30.40$34.6812.3%
Toothpaste $2.69$2.478.8%
Shampoo $1.05$1.022.7%
Movie $10.05$9.871.8%
Bowling $4.55$4.393.6%

Groceries

ItemGallatinNational avg.Difference
Ground Beef $4.49$4.480.3%
Fried Chicken $1.31$1.4610.5%
Milk $1.87$2.3620.7%
Potatoes $2.58$3.0615.7%
Pizza $10.99$9.2418.9%
Beer $8.65$8.630.2%

Health Care

ItemGallatinNational avg.Difference
Optometrist $74.50$99.7825.3%
Doctor $78.33$105.0325.4%
Dentist $79.00$88.7010.9%
Ibuprofen $8.79$9.416.6%
Lipitor $276.00$298.507.5%

Housing

ItemGallatinNational avg.Difference
Home Price $161,700.00$175,700.008.0%
Avg. Mortgage Payment $806.99$1,081.0325.3%
Apartment Rent $836.00$920.009.1%

Transportation

ItemGallatinNational avg.Difference
Gasoline $2.11$2.091.0%
Tire Balancing $39.20$45.2913.4%

Utilities

ItemGallatinNational avg.Difference
All Electricity$193.08$170.8013.0%
Phone $24.50$28.2613.3%
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.
Bransford, TN16879-21%
Castalian Springs, TN96587-13%
Graball, TN12789-11%
Westmoreland, TN1,94585-15%
New Deal, TN39390-10%
Gallatin, TN31,80097-3%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Eldersburg, MD31,79912323%
Foster City, CA31,809204104%
Naugatuck, CT31,79011818%
Adelanto, CA31,77398-2%
Kearney, NE31,75991-9%
Gallatin, TN31,80097-3%
Source: The Gallatin, TN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.