Mount Pleasant 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.
IndexMount PleasantTennesseeNational
Cost of living index8590100
IndexMount PleasantTennesseeNational
Goods & Services index10197100
Groceries index9993100
Health care index8490100
Housing index6080100
Transportation index8590100
Utilities index9092100
A general summary of the cost of living index in Mount Pleasant, TN is shown above. Compared to the state average of Tennessee the cost of living index in Mount Pleasant, TN is 85, which is 6% lower than the average in Tennessee and compared to the national average it is 15% 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 Mount Pleasant, TN goods and services come in at 3% higher than the average in Tennessee and are 1% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Mount Pleasant is 6% lower than the Tennessee average.
  • The cost of living in Mount Pleasant is 15% lower than the national average.
  • The cost of housing in Mount Pleasant is 40% 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.

Find Real Estate Listings In Mount Pleasant

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Mount Pleasant

Compare Mount Pleasant, 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
Use the salary calculator to compare your current income in Mount Pleasant, 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 Mount Pleasant, TN, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Mount Pleasant, 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$47,583$3,965$1,110$1,428
Renters$11,675$973$272$350
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Mount Pleasant, TN, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Mount Pleasant, TN has a median income of about $47,583 for people who own homes. Based on that number, a person should spend a maximum of $1,110 on expenses related to housing. Renters have a slightly different median income, which is $11,675. Based on this average, renters should spend no more than $272 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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 Mount Pleasant, 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

ItemMount PleasantNational avg.Difference
Haircut $12.17$15.5621.8%
Beauty Salon $27.23$36.1124.6%
Toothpaste $2.07$2.4716.3%
Shampoo $0.93$0.964.0%
Movie $9.21$10.139.1%
Bowling $4.12$4.7413.0%

Groceries

ItemMount PleasantNational avg.Difference
Ground Beef $4.15$3.984.2%
Fried Chicken $1.10$1.4122.1%
Milk $1.91$2.067.4%
Potatoes $2.68$2.9810.0%
Pizza $8.49$9.4710.4%
Beer $8.96$8.791.9%

Health Care

ItemMount PleasantNational avg.Difference
Optometrist $81.22$101.0419.6%
Doctor $81.94$107.4423.7%
Dentist $70.33$90.4222.2%
Ibuprofen $8.53$9.288.0%
Lipitor $430.86$426.501.0%

Housing

ItemMount PleasantNational avg.Difference
Home Price $99,800.00$175,700.0043.2%
Avg. Mortgage Payment $909.05$1,133.2319.8%
Apartment Rent $625.00$920.0032.1%

Transportation

ItemMount PleasantNational avg.Difference
Gasoline $1.81$1.999.4%
Tire Balancing $33.28$45.7627.3%

Utilities

ItemMount PleasantNational avg.Difference
All Electricity$130.19$163.8120.5%
Phone $30.00$28.395.7%
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.
Ethridge, TN56482-18%
Lynnville, TN33785-15%
Summertown, TN64786-14%
Columbia, TN35,20787-13%
Mount Pleasant, TN4,60485-15%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Nashville, AR4,60484-16%
Kaplan, LA4,60482-18%
Breckenridge, CO4,60413434%
South Hill, VA4,60388-12%
DeWitt, MI4,60698-2%
Mount Pleasant, TN4,60485-15%
Source: The Mount Pleasant, TN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.