Winchester 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.
IndexWinchesterTennesseeNational
Cost of living index8991100
IndexWinchesterTennesseeNational
Goods & Services index10398100
Groceries index9592100
Health care index9689100
Housing index6080100
Transportation index9893100
Utilities index10691100
Here we can see a simple outline of the cost of living in Winchester, TN. As you can see, with the average cost of living in Winchester, TN being 89, that puts it 2% lower than the average of Tennessee and 11% lower 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 Winchester, TN, the price of goods and services are 5% higher than the average of Tennessee as well as 3% higher than the nation's average.

Did you know?

  • The cost of living in Winchester is 2% lower than the Tennessee average.
  • The cost of living in Winchester is 11% lower than the national average.
  • The cost of housing in Winchester 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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Compare Winchester, TN Cost of living To Other Cities

Salary Calculator

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Health care index
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Use the salary calculator to compare your current income in Winchester, 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 Winchester, TN, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Winchester, 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$48,595$4,050$1,134$1,458
Renters$21,962$1,830$512$659
One can approximate the cost of living and the housing affordability in Winchester, TN by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Winchester, TN have a median income of $48,595. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,134 per month to avoid calamity and poverty. The renters in the city have an income of about $21,962, which would make their monthly maximum allowable rental costs $512.

Tennessee Sales Tax

StateGeneral Sales TaxWith Max Surtax
Tennessee7%9.75%

Tennessee Income Tax

StateIncome Tax (Low)Income Tax (High)
Tennessee0%0%
When considering the overall cost of living expenses in Winchester, TN, it's important to take into account the sales tax for Tennessee, as well as the rate for income tax in Tennessee. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Tennessee is 9.75%, and the sales tax in the state of Tennessee is 7%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Tennessee starts from 0% and goes up to 0%.

Goods & Services

ItemWinchesterNational avg.Difference
Haircut $14.20$14.592.7%
Beauty Salon $30.40$34.6812.3%
Toothpaste $2.18$2.4711.9%
Shampoo $0.87$1.0214.9%
Movie $9.42$9.874.5%
Bowling $3.70$4.3915.8%

Groceries

ItemWinchesterNational avg.Difference
Ground Beef $5.86$4.4830.9%
Fried Chicken $1.11$1.4624.2%
Milk $2.23$2.365.4%
Potatoes $3.26$3.066.5%
Pizza $9.99$9.248.1%
Beer $8.15$8.635.6%

Health Care

ItemWinchesterNational avg.Difference
Optometrist $109.40$99.789.6%
Doctor $82.50$105.0321.5%
Dentist $90.50$88.702.0%
Ibuprofen $8.10$9.4113.9%
Lipitor $318.55$298.506.7%

Housing

ItemWinchesterNational avg.Difference
Home Price $107,600.00$175,700.0038.8%
Avg. Mortgage Payment $781.22$1,081.0327.7%
Apartment Rent $524.00$920.0043.0%

Transportation

ItemWinchesterNational avg.Difference
Gasoline $2.00$2.094.4%
Tire Balancing $46.99$45.293.8%

Utilities

ItemWinchesterNational avg.Difference
All Electricity$156.81$170.808.2%
Phone $35.51$28.2625.7%
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.
Cowan, TN1,43982-18%
Hillsboro, TN40383-17%
Huntland, TN74987-13%
Decherd, TN2,42487-13%
Estill Springs, TN2,12090-10%
Winchester, TN8,49389-11%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Monroe, NY8,49313434%
Chester, IL8,49586-14%
Congers, NY8,49615555%
Granbury, TX8,4961011%
Florence, OR8,49811010%
Winchester, TN8,49389-11%
Source: The Winchester, TN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.