Harrison 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.
IndexHarrisonTennesseeNational
Cost of living index9190100
IndexHarrisonTennesseeNational
Goods & Services index9697100
Groceries index9393100
Health care index10690100
Housing index8180100
Transportation index9090100
Utilities index10092100
An overview of the general cost of living index for Harrison, TN is displayed above for your reference. Residents in Harrison, TN enjoy a cost of living index of 91. This index is 1% higher than the Tennessee average, and 9% 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 Harrison, TN, the average cost of goods and services is 1% lower than it is in Tennessee, and it is 4% lower than the national average.

Did you know?

  • The cost of living in Harrison is 1% higher than the Tennessee average.
  • The cost of living in Harrison is 9% lower than the national average.
  • The cost of housing in Harrison is 19% 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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Salary Calculator

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Use the salary calculator to compare your current salary in Harrison, TN to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Harrison, TN, then you would need to earn more income in order to maintain the same standard of living. To use the Harrison, TN salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$63,258$5,272$1,476$1,898
Renters$35,857$2,988$837$1,076
The affordability of the housing market in Harrison, TN as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Harrison, TN homeowners, the median income is $63,258. This indicates that a monthly maximum of $1,476 should be spent by homeowners on all housing related costs. Renters have a median income of $35,857. This indicates that renters should have a maximum of $837 used for their rent related monthly costs.

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 Harrison, 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

ItemHarrisonNational avg.Difference
Haircut $14.07$15.569.6%
Beauty Salon $48.33$36.1133.9%
Toothpaste $2.54$2.472.6%
Shampoo $0.88$0.969.2%
Movie $10.98$10.138.5%
Bowling $4.99$4.745.4%

Groceries

ItemHarrisonNational avg.Difference
Ground Beef $3.94$3.981.1%
Fried Chicken $1.09$1.4122.8%
Milk $1.99$2.063.6%
Potatoes $3.13$2.984.8%
Pizza $8.99$9.475.1%
Beer $8.64$8.791.7%

Health Care

ItemHarrisonNational avg.Difference
Optometrist $97.79$101.043.2%
Doctor $127.67$107.4418.8%
Dentist $90.33$90.420.1%
Ibuprofen $8.81$9.285.0%
Lipitor $459.47$426.507.7%

Housing

ItemHarrisonNational avg.Difference
Home Price $138,700.00$175,700.0021.1%
Avg. Mortgage Payment $1,094.28$1,133.233.4%
Apartment Rent $779.00$920.0015.3%

Transportation

ItemHarrisonNational avg.Difference
Gasoline $1.72$1.9913.8%
Tire Balancing $45.60$45.760.4%

Utilities

ItemHarrisonNational avg.Difference
All Electricity$148.10$163.819.6%
Phone $32.00$28.3912.7%
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.
Rossville, GA4,06682-18%
Fairview, GA7,38183-17%
Lakeview, GA5,60384-16%
Chattanooga Valley, GA3,84887-13%
Fort Oglethorpe, GA9,36888-12%
Harrison, TN7,59591-9%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Fort Lupton, CO7,59598-2%
Iron Mountain, MI7,59382-18%
Mahomet, IL7,5921022%
Calipatria, CA7,59990-10%
Ridgefield, CT7,59918181%
Harrison, TN7,59591-9%
Source: The Harrison, TN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.