Trenton 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.
IndexTrentonTennesseeNational
Cost of living index8290100
IndexTrentonTennesseeNational
Goods & Services index10797100
Groceries index7993100
Health care index9290100
Housing index5480100
Transportation index9190100
Utilities index7692100
Displayed above is a general overview of the Trenton, TN cost of living index. The overall cost of living index in Trenton, TN is 82, which is 9% lower than the Tennessee average and 18% 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 Trenton, TN are 10% higher than the Tennessee average and 7% higher than the national average.

Did you know?

  • The cost of living in Trenton is 9% lower than the Tennessee average.
  • The cost of living in Trenton is 18% lower than the national average.
  • The cost of housing in Trenton is 46% 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 Trenton, 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 Trenton, TN, then you would need to earn more income in order to maintain the same standard of living. To use the Trenton, 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$42,750$3,563$997$1,283
Renters$17,453$1,454$407$524
The affordability of the housing market in Trenton, 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 Trenton, TN homeowners, the median income is $42,750. This indicates that a monthly maximum of $997 should be spent by homeowners on all housing related costs. Renters have a median income of $17,453. This indicates that renters should have a maximum of $407 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 Trenton, 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

ItemTrentonNational 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

ItemTrentonNational 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

ItemTrentonNational 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

ItemTrentonNational avg.Difference
Home Price $89,400.00$175,700.0049.1%
Avg. Mortgage Payment $838.36$1,133.2326.0%
Apartment Rent $560.00$920.0039.1%

Transportation

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

Utilities

ItemTrentonNational 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.
Yorkville, TN38280-20%
Rutherford, TN1,15081-19%
Bradford, TN1,18781-19%
Dyer, TN2,33581-19%
Humboldt, TN8,36381-19%
Trenton, TN4,21582-18%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
West Milwaukee, WI4,21493-7%
Rockford, MN4,2141022%
Northwoods, MO4,21386-14%
Cramerton, NC4,21299-1%
Belton, SC4,21188-12%
Trenton, TN4,21582-18%
Source: The Trenton, TN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.