Tellico Village 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.
IndexTellico VillageTennesseeNational
Cost of living index12091100
IndexTellico VillageTennesseeNational
Goods & Services index9498100
Groceries index9292100
Health care index8889100
Housing index19080100
Transportation index8893100
Utilities index8191100
Here we can see a simple outline of the cost of living in Tellico Village, TN. As you can see, with the average cost of living in Tellico Village, TN being 120, that puts it 33% higher than the average of Tennessee and 20% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Tellico Village, TN, the price of goods and services are 4% lower than the average of Tennessee as well as 6% lower than the nation's average.

Did you know?

  • The cost of living in Tellico Village is 33% higher than the Tennessee average.
  • The cost of living in Tellico Village is 20% higher than the national average.
  • The cost of housing in Tellico Village is 90% 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 Tellico Village, 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
Using the salary calculator lets you compare the salary you earn in Tellico Village, TN to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Tellico Village, TN, you have to earn a higher income in order to still have the same standard of living. To operate the Tellico Village, TN salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$72,837$6,070$1,699$2,185
Renters$55,417$4,618$1,293$1,663
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Tellico Village, TN, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Tellico Village, TN homeowners have a median income of $72,837. Using that number, you will come up with a maximum of $1,699 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $55,417, which means there is a maximum of $1,293 to be spent on the costs of renting a home or apartment.

Tennessee Sales Tax

StateGeneral Sales TaxWith Max Surtax
Tennessee7%9.75%

Tennessee Income Tax

StateIncome Tax (Low)Income Tax (High)
Tennessee0%0%
One thing to keep in mind when considering the cost of living in Tellico Village, TN is the Tennessee sales tax and Tennessee income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Tennessee sales tax rate is 7% and the maximum surtax that can be charged is 9.75%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Tennessee income tax rates range from 0% to 0%.

Goods & Services

ItemTellico VillageNational avg.Difference
Haircut $13.50$14.597.5%
Beauty Salon $22.00$34.6836.6%
Toothpaste $2.66$2.477.6%
Shampoo $1.04$1.021.8%
Movie $10.00$9.871.3%
Bowling $3.75$4.3914.6%

Groceries

ItemTellico VillageNational avg.Difference
Ground Beef $4.55$4.481.6%
Fried Chicken $1.32$1.469.8%
Milk $2.22$2.365.8%
Potatoes $2.82$3.067.9%
Pizza $8.99$9.242.7%
Beer $7.96$8.637.8%

Health Care

ItemTellico VillageNational avg.Difference
Optometrist $111.00$99.7811.2%
Doctor $80.00$105.0323.8%
Dentist $70.33$88.7020.7%
Ibuprofen $8.98$9.414.6%
Lipitor $320.11$298.507.2%

Housing

ItemTellico VillageNational avg.Difference
Home Price $356,200.00$175,700.00102.7%
Avg. Mortgage Payment $957.87$1,081.0311.4%
Apartment Rent $1,474.00$920.0060.2%

Transportation

ItemTellico VillageNational avg.Difference
Gasoline $1.88$2.0910.1%
Tire Balancing $36.67$45.2919.0%

Utilities

ItemTellico VillageNational avg.Difference
All Electricity$136.77$170.8019.9%
Phone $23.50$28.2616.8%
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.
Philadelphia, TN90179-21%
Sweetwater, TN5,85681-19%
Loudon, TN5,60681-19%
Madisonville, TN4,70382-18%
Lenoir City, TN8,86784-16%
Tellico Village, TN6,38512020%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Kathleen, FL6,38588-12%
South Weber, UT6,38611010%
Avon, CO6,38414040%
Princeton, WV6,38785-15%
Macclenny, FL6,38795-5%
Tellico Village, TN6,38512020%
Source: The Tellico Village, TN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.