Humboldt 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.
IndexHumboldtTennesseeNational
Cost of living index8190100
IndexHumboldtTennesseeNational
Goods & Services index10797100
Groceries index7993100
Health care index9290100
Housing index5080100
Transportation index9190100
Utilities index7692100
Here we can see a simple outline of the cost of living in Humboldt, TN. As you can see, with the average cost of living in Humboldt, TN being 81, that puts it 10% lower than the average of Tennessee and 19% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Humboldt, TN, the price of goods and services are 10% higher than the average of Tennessee as well as 7% higher than the nation's average.

Did you know?

  • The cost of living in Humboldt is 10% lower than the Tennessee average.
  • The cost of living in Humboldt is 19% lower than the national average.
  • The cost of housing in Humboldt is 50% 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 Humboldt, TN Cost of living To Other Cities

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
Using the salary calculator lets you compare the salary you earn in Humboldt, 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 Humboldt, TN, you have to earn a higher income in order to still have the same standard of living. To operate the Humboldt, 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$39,375$3,281$919$1,181
Renters$21,250$1,771$496$638
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Humboldt, TN, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Humboldt, TN homeowners have a median income of $39,375. Using that number, you will come up with a maximum of $919 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $21,250, which means there is a maximum of $496 to be spent on the costs of renting a home or apartment.

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 Humboldt, 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

ItemHumboldtNational avg.Difference
Haircut $13.08$15.5615.9%
Beauty Salon $33.80$36.116.4%
Toothpaste $1.25$2.4749.4%
Shampoo $1.00$0.963.6%
Movie $10.00$10.131.3%
Bowling $7.50$4.7458.4%

Groceries

ItemHumboldtNational avg.Difference
Ground Beef $2.88$3.9827.6%
Fried Chicken $1.14$1.4119.2%
Milk $1.75$2.0615.2%
Potatoes $2.43$2.9818.4%
Pizza $9.19$9.473.0%
Beer $10.28$8.7916.9%

Health Care

ItemHumboldtNational avg.Difference
Optometrist $106.29$101.045.2%
Doctor $119.31$107.4411.0%
Dentist $69.43$90.4223.2%
Ibuprofen $6.33$9.2831.8%
Lipitor $426.43$426.500.0%

Housing

ItemHumboldtNational avg.Difference
Home Price $75,500.00$175,700.0057.0%
Avg. Mortgage Payment $838.36$1,133.2326.0%
Apartment Rent $598.00$920.0035.0%

Transportation

ItemHumboldtNational avg.Difference
Gasoline $1.81$1.999.1%
Tire Balancing $42.09$45.768.0%

Utilities

ItemHumboldtNational avg.Difference
All Electricity$151.62$163.817.4%
Phone $15.32$28.3946.0%
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, StatePopulationCost of Living IndexNational Avg.
Atwood, TN96681-19%
Alamo, TN2,42381-19%
Trenton, TN4,21582-18%
Gibson, TN35983-17%
Gadsden, TN33683-17%
Humboldt, TN8,36381-19%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Center Moriches, NY8,36314444%
Harrodsburg, KY8,35984-16%
Spotswood, NJ8,35911818%
Oberlin, OH8,36887-13%
Denison, IA8,37083-17%
Humboldt, TN8,36381-19%
Source: The Humboldt, TN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.