Sweetwater 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.
IndexSweetwaterTennesseeNational
Cost of living index7890100
IndexSweetwaterTennesseeNational
Goods & Services index8797100
Groceries index9193100
Health care index8590100
Housing index6080100
Transportation index8190100
Utilities index8492100
The above illustration supplies generalized information for the Sweetwater, TN cost of living index. Compared to other cities in Tennessee and cities across the country, the cost of living index in Sweetwater, TN is 78, which is 13% lower than the Tennessee average and 22% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Sweetwater, TN are 10% lower than the average for Tennessee and 13% lower than the rest of the country.

Did you know?

  • The cost of living in Sweetwater is 13% lower than the Tennessee average.
  • The cost of living in Sweetwater is 22% lower than the national average.
  • The cost of housing in Sweetwater 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.

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Salary Calculator

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Use the salary calculator to compare your current salary in Sweetwater, 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 Sweetwater, TN, then you would need to earn more income in order to maintain the same standard of living. To use the Sweetwater, 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$44,511$3,709$1,039$1,335
Renters$15,925$1,327$372$478
The affordability of the housing market in Sweetwater, 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 Sweetwater, TN homeowners, the median income is $44,511. This indicates that a monthly maximum of $1,039 should be spent by homeowners on all housing related costs. Renters have a median income of $15,925. This indicates that renters should have a maximum of $372 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%
When assessing the complete cost of living in Sweetwater, 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

ItemSweetwaterNational avg.Difference
Haircut $13.97$15.5610.3%
Beauty Salon $21.44$36.1140.6%
Toothpaste $2.25$2.479.0%
Shampoo $1.02$0.965.7%
Movie $9.89$10.132.3%
Bowling $3.88$4.7418.2%

Groceries

ItemSweetwaterNational avg.Difference
Ground Beef $3.48$3.9812.7%
Fried Chicken $1.19$1.4115.5%
Milk $2.55$2.0623.4%
Potatoes $3.03$2.981.5%
Pizza $8.94$9.475.7%
Beer $7.95$8.799.5%

Health Care

ItemSweetwaterNational avg.Difference
Optometrist $111.00$101.049.9%
Doctor $70.03$107.4434.8%
Dentist $70.33$90.4222.2%
Ibuprofen $9.27$9.280.1%
Lipitor $464.35$426.508.9%

Housing

ItemSweetwaterNational avg.Difference
Home Price $104,800.00$175,700.0040.4%
Avg. Mortgage Payment $877.02$1,133.2322.6%
Apartment Rent $555.00$920.0039.7%

Transportation

ItemSweetwaterNational avg.Difference
Gasoline $1.57$1.9921.0%
Tire Balancing $39.70$45.7613.2%

Utilities

ItemSweetwaterNational avg.Difference
All Electricity$132.10$163.8119.4%
Phone $25.15$28.3911.4%
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.
Englewood, TN1,87075-25%
Philadelphia, TN90177-23%
Riceville, TN66277-23%
Niota, TN85078-22%
Loudon, TN5,60679-21%
Sweetwater, TN5,85678-22%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Watchung, NJ5,85518383%
Springs, NY5,85518383%
Plain City, UT5,8591033%
Covington, VA5,85380-20%
Doney Park, AZ5,86012121%
Sweetwater, TN5,85678-22%
Source: The Sweetwater, TN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.