Signal Mountain 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.
IndexSignal MountainTennesseeNational
Cost of living index11690100
IndexSignal MountainTennesseeNational
Goods & Services index9697100
Groceries index9393100
Health care index10690100
Housing index16380100
Transportation index9090100
Utilities index10092100
Displayed above is a general overview of the Signal Mountain, TN cost of living index. The overall cost of living index in Signal Mountain, TN is 116, which is 29% higher than the Tennessee average and 16% higher 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 Signal Mountain, TN are 1% lower than the Tennessee average and 4% lower than the national average.

Did you know?

  • The cost of living in Signal Mountain is 29% higher than the Tennessee average.
  • The cost of living in Signal Mountain is 16% higher than the national average.
  • The cost of housing in Signal Mountain is 63% 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.

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Compare Signal Mountain, 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
The salary calculator is meant to help you compare your salary in Signal Mountain, TN to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Signal Mountain, TN, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Signal Mountain, TN salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$109,051$9,088$2,544$3,272
Renters$62,925$5,244$1,468$1,888
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 Signal Mountain, 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. Signal Mountain, TN has a median income of about $109,051 for people who own homes. Based on that number, a person should spend a maximum of $2,544 on expenses related to housing. Renters have a slightly different median income, which is $62,925. Based on this average, renters should spend no more than $1,468 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 Signal Mountain, 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

ItemSignal MountainNational avg.Difference
Haircut $14.07$15.569.6%
Beauty Salon $48.33$36.1133.9%
Toothpaste $2.54$2.472.6%
Shampoo $0.88$0.969.2%
Movie $10.98$10.138.5%
Bowling $4.99$4.745.4%

Groceries

ItemSignal MountainNational avg.Difference
Ground Beef $3.94$3.981.1%
Fried Chicken $1.09$1.4122.8%
Milk $1.99$2.063.6%
Potatoes $3.13$2.984.8%
Pizza $8.99$9.475.1%
Beer $8.64$8.791.7%

Health Care

ItemSignal MountainNational avg.Difference
Optometrist $97.79$101.043.2%
Doctor $127.67$107.4418.8%
Dentist $90.33$90.420.1%
Ibuprofen $8.81$9.285.0%
Lipitor $459.47$426.507.7%

Housing

ItemSignal MountainNational avg.Difference
Home Price $288,800.00$175,700.0064.4%
Avg. Mortgage Payment $1,094.28$1,133.233.4%
Apartment Rent $1,477.00$920.0060.5%

Transportation

ItemSignal MountainNational avg.Difference
Gasoline $1.72$1.9913.8%
Tire Balancing $45.60$45.760.4%

Utilities

ItemSignal MountainNational avg.Difference
All Electricity$148.10$163.819.6%
Phone $32.00$28.3912.7%
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.
Palmer, TN73882-18%
Whitwell, TN2,13982-18%
Rossville, GA4,06682-18%
Fairview, GA7,38183-17%
Lakeview, GA5,60384-16%
Signal Mountain, TN8,41611616%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Albion, MI8,41680-20%
Stuarts Draft, VA8,41596-4%
Murphy, MO8,41892-8%
Floris, VA8,41316767%
Hanover, NH8,41114848%
Signal Mountain, TN8,41611616%
Source: The Signal Mountain, TN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.