Seymour 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.
IndexSeymourTennesseeNational
Cost of living index8790100
IndexSeymourTennesseeNational
Goods & Services index8797100
Groceries index8693100
Health care index9090100
Housing index8780100
Transportation index8290100
Utilities index8892100
Displayed above is a general overview of the Seymour, TN cost of living index. The overall cost of living index in Seymour, TN is 87, which is 4% lower than the Tennessee average and 13% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Seymour, TN are 10% lower than the Tennessee average and 13% lower than the national average.

Did you know?

  • The cost of living in Seymour is 4% lower than the Tennessee average.
  • The cost of living in Seymour is 13% lower than the national average.
  • The cost of housing in Seymour is 13% 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 Seymour, TN Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Seymour, 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 Seymour, TN, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Seymour, 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$59,504$4,959$1,388$1,785
Renters$39,081$3,257$912$1,173
The affordability of the housing market in Seymour, TN as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Seymour, TN homeowners, the median income is $59,504. This indicates that a monthly maximum of $1,388 should be spent by homeowners on all housing related costs. Renters have a median income of $39,081. This indicates that renters should have a maximum of $912 used for their rent related monthly costs.

Tennessee Sales Tax

StateGeneral Sales TaxWith Max Surtax
Tennessee7%9.75%

Tennessee Income Tax

StateIncome Tax (Low)Income Tax (High)
Tennessee0%0%
For those who live in Seymour, TN and want to know what the true cost of living is, they ought to look at both the Tennessee income tax rate and the Tennessee sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Tennessee, the sales tax is 7%, while the most you'll pay in surtax is 9.75%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Tennessee, the income tax rate ranges between 0% to 0%.

Goods & Services

ItemSeymourNational avg.Difference
Haircut $13.60$15.5612.6%
Beauty Salon $34.47$36.114.5%
Toothpaste $1.60$2.4735.4%
Shampoo $0.80$0.9617.4%
Movie $9.31$10.138.1%
Bowling $4.24$4.7410.5%

Groceries

ItemSeymourNational avg.Difference
Ground Beef $3.03$3.9824.0%
Fried Chicken $0.99$1.4129.9%
Milk $1.77$2.0614.2%
Potatoes $2.67$2.9810.4%
Pizza $8.99$9.475.1%
Beer $8.57$8.792.6%

Health Care

ItemSeymourNational avg.Difference
Optometrist $86.60$101.0414.3%
Doctor $89.40$107.4416.8%
Dentist $80.67$90.4210.8%
Ibuprofen $8.03$9.2813.4%
Lipitor $442.65$426.503.8%

Housing

ItemSeymourNational avg.Difference
Home Price $149,000.00$175,700.0015.2%
Avg. Mortgage Payment $889.49$1,133.2321.5%
Apartment Rent $835.00$920.009.2%

Transportation

ItemSeymourNational avg.Difference
Gasoline $1.80$1.999.8%
Tire Balancing $28.72$45.7637.2%

Utilities

ItemSeymourNational avg.Difference
All Electricity$142.53$163.8113.0%
Phone $25.23$28.3911.1%
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, StatePopulationCost of Living IndexNational Avg.
Mascot, TN2,59279-21%
Eagleton Village, TN3,96980-20%
Knoxville, TN181,75982-18%
Alcoa, TN8,55682-18%
Rockford, TN87387-13%
Seymour, TN10,70387-13%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Arkadelphia, AR10,70386-14%
Walnut Grove, WA10,70511414%
Fredericksburg, TX10,70798-2%
Vermillion, SD10,69792-8%
Malvern, AR10,69582-18%
Seymour, TN10,70387-13%
Source: The Seymour, TN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.