Ripley 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.
IndexRipleyTennesseeNational
Cost of living index8290100
IndexRipleyTennesseeNational
Goods & Services index10797100
Groceries index7993100
Health care index9290100
Housing index5380100
Transportation index9190100
Utilities index7692100
A general summary of the cost of living index in Ripley, TN is shown above. Compared to the state average of Tennessee the cost of living index in Ripley, TN is 82, which is 9% lower than the average in Tennessee and compared to the national average it is 18% 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 Ripley, TN goods and services come in at 10% higher than the average in Tennessee and are 7% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Ripley is 9% lower than the Tennessee average.
  • The cost of living in Ripley is 18% lower than the national average.
  • The cost of housing in Ripley is 47% 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 Ripley, TN Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Ripley, 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 Ripley, TN, then you would need to earn more income in order to maintain the same standard of living. To use the Ripley, 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$40,036$3,336$934$1,201
Renters$17,361$1,447$405$521
One can approximate the cost of living and the housing affordability in Ripley, TN by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Ripley, TN have a median income of $40,036. Therefore, the amount that a consumer should spend on housing costs should be no more than $934 per month to avoid calamity and poverty. The renters in the city have an income of about $17,361, which would make their monthly maximum allowable rental costs $405.

Tennessee Sales Tax

StateGeneral Sales TaxWith Max Surtax
Tennessee7%9.75%

Tennessee Income Tax

StateIncome Tax (Low)Income Tax (High)
Tennessee0%0%
When you are determining the total cost of living in Ripley, TN you will want to make sure you consider both the Tennessee sales tax and the Tennessee income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Tennessee is 7%, with the highest surtax being 9.75%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Tennessee have a range from 0% to 0%.

Goods & Services

ItemRipleyNational 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

ItemRipleyNational 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

ItemRipleyNational 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

ItemRipleyNational avg.Difference
Home Price $84,200.00$175,700.0052.1%
Avg. Mortgage Payment $838.36$1,133.2326.0%
Apartment Rent $607.00$920.0034.0%

Transportation

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

Utilities

ItemRipleyNational 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.
Henning, TN88776-24%
Gates, TN79179-21%
Halls, TN2,62183-17%
Covington, TN9,03380-20%
Burlison, TN45184-16%
Ripley, TN8,35082-18%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Purcellville, VA8,35012929%
Farmville, VA8,35093-7%
Boulder Hill, IL8,34999-1%
Commerce, TX8,34879-21%
Rice Lake, WI8,35389-11%
Ripley, TN8,35082-18%
Source: The Ripley, TN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.