A+
0%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
11%
Housing NAT. AVG.
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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 La Vergne Tennessee National
Cost of living10089100
Goods & Services9494100
Groceries10098100
Health care9188100
Housing11180100
Transportation9289100
Utilities10293100

An Overview of Cost of Living in La Vergne, TN

The cost of living in La Vergne affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in La Vergne is 100, which is 0% equal to the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

Everyday expenditures like food, housing, goods and services, transportation and health care in La Vergne are priced in a manner consistent with other areas. This means that residents of La Vergne can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.

Is La Vergne Affordable?

Is La Vergne 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 La Vergne, the median home price is 0.1% lower than what most folks pay across the country, and monthly rent prices are 36.9% higher than the usual rates. Income levels in La Vergne come in at $66,360, which is 20% higher than the national average.

What Factors can Influence the Cost of Living in La Vergne?

Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.

Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In La Vergne, the prevailing sales tax rate starts at 7%, and income tax rates kick off at 0%.

Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In La Vergne, healthcare costs are 9.2% lower than the national average.

Where is the Data From?

The La Vergne cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in La Vergne is 12% higher than the Tennessee average
  • The cost of living in La Vergne is equal to the national average
  • La Vergne housing is 11% higher 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 La Vergne

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Compare La Vergne, TN Cost of Living

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      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$73,913$6,159$1,725$2,218
      Renters$46,672$3,889$1,089$1,400
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in La Vergne, TN, as well as what the overall cost of living might be. 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 payments and not more than 36 percent of income on all expenses and debts. In La Vergne, homeowners have a median income of $73,913. Using that number, a maximum of $1,725 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $46,672, which means there is a maximum of $1,089 to be spent on the costs of renting a home or apartment.

      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 La Vergne National avg. Difference
      Haircut $24.76$24.262.1%
      Beauty Salon $46.01$45.561.0%
      Toothpaste $3.71$3.700.2%
      Shampoo $1.23$1.283.9%
      Movie $13.30$12.139.6%
      Bowling $19.79$18.009.9%

      Groceries

      Item La Vergne National avg. Difference
      Ground Beef $5.70$5.842.4%
      Fried Chicken $1.43$1.578.9%
      Milk $4.68$4.670.2%
      Potatoes $5.16$4.934.6%
      Pizza $10.85$12.0910.3%
      Beer $10.05$10.413.5%

      Health Care

      Item La Vergne National avg. Difference
      Optometrist $96.03$125.6823.6%
      Doctor $116.91$135.7813.9%
      Dentist $104.65$113.297.6%
      Ibuprofen $10.51$10.651.3%
      Lipitor $460.51$468.601.7%

      Housing

      Item La Vergne National avg. Difference
      Home Price $184,600.00$184,700.000.1%
      Avg. Mortgage Payment $2,548.79$2,346.698.6%
      Apartment Rent $1,299.00$949.0036.9%

      Transportation

      Item La Vergne National avg. Difference
      Gasoline $3.12$3.469.8%
      Tire Balancing $57.43$59.924.2%

      Utilities

      Item La Vergne National avg. Difference
      All Electricity $183.77$193.995.3%
      Phone $218.37$192.2513.6%
      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.
      Smyrna, TN50,8201021.7%
      Walterhill, TN1581043.6%
      Murfreesboro, TN141,7041076.8%
      Nashville, TN667,0701088.4%
      Green Hill, TN7,3081098.6%
      La Vergne, TN35,5561000.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Princeton, FL35,56411817.7%
      Oildale, CA35,5201088.4%
      West Hollywood, CA35,50618282.0%
      Mount Vernon, WA35,50212222.5%
      Claremont, CA35,61017170.9%
      La Vergne, TN35,5561000.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.