Iron City, TN Cost Of Living

Iron City 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.
Index	Iron City	Tennessee	National
Cost of living index	71	90	100
Index	Iron City	Tennessee	National
Goods & Services index	96	97	100
Groceries index	95	93	100
Health care index	79	89	100
Housing index	13	80	100
Transportation index	92	90	100
Utilities index	104	95	100

Did you know?

The cost of living in Iron City is 22% lower than the Tennessee average.
The cost of living in Iron City is 29% lower than the national average.
The cost of housing in Iron City is 87% lower than the national average.
Tennessee general sales tax is 37% higher than the national average.
Tennessee state income tax is 125% higher than the national average.

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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	$26,500	$2,208	$618	$795
Renters	$0	$0	$0	$0

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	5%	5%

Goods & Services

Item	Iron City	National avg.	Difference
Haircut	$14.32	$16.09	11.0%
Beauty Salon	$31.67	$37.33	15.2%
Toothpaste	$1.84	$2.45	24.8%
Shampoo	$1.01	$1.00	0.9%
Movie	$11.14	$10.28	8.4%
Bowling	$4.96	$4.93	0.6%

Groceries

Item	Iron City	National avg.	Difference
Ground Beef	$3.84	$3.80	0.9%
Fried Chicken	$1.44	$1.40	3.3%
Milk	$1.76	$2.01	12.3%
Potatoes	$2.70	$3.01	10.4%
Pizza	$9.08	$9.89	8.2%
Beer	$8.42	$8.90	5.3%

Health Care

Item	Iron City	National avg.	Difference
Optometrist	$74.47	$102.16	27.1%
Doctor	$70.33	$108.36	35.1%
Dentist	$69.28	$92.53	25.1%
Ibuprofen	$8.45	$9.28	8.9%
Lipitor	$431.19	$425.82	1.3%

Housing

Item	Iron City	National avg.	Difference
Home Price	$24,100.00	$184,700.00	87.0%
Avg. Mortgage Payment	$903.34	$1,202.44	24.9%
Apartment Rent	$0.00	$949.00	100.0%

Transportation

Item	Iron City	National avg.	Difference
Gasoline	$2.07	$2.24	7.7%
Tire Balancing	$41.99	$46.29	9.3%

Utilities

Item	Iron City	National avg.	Difference
All Electricity	$164.11	$165.96	1.1%
Phone	$31.58	$28.68	10.1%

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, State	Population	Cost of Living Index	National Avg.
Collinwood, TN	1,015	80	-20%
St. Joseph, TN	867	81	-19%
Loretto, TN	2,105	82	-18%
Lexington, AL	683	83	-17%
Underwood-Petersville, AL	3,723	86	-14%
Iron City, TN	236	71	-29%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Bruning, NE	236	77	-23%
Burnett, WI	236	94	-6%
Royal, IL	236	90	-10%
Lewisville, OH	236	83	-17%
Ashland, LA	236	80	-20%
Iron City, TN	236	71	-29%

Source: The Iron City, TN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Iron City, TN Cost of Living