Eagleton Village, Tennessee Cost Of Living

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Overall 19%

Goods & Services 15%

Housing 32%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Eagleton Village	Tennessee	National
Cost of living	81	89	100
Goods & Services	85	93	100
Groceries	87	94	100
Health care	92	91	100
Housing	68	80	100
Transportation	83	88	100
Utilities	96	92	100

Key findings

The cost of living in Eagleton Village is 8% lower than the Tennessee average
The cost of living in Eagleton Village is 19% lower than the national average
Eagleton Village housing is 32% lower than the national average
Tennessee general sales tax is 37% higher than the national average
Tennessee state income tax is 59% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$51,875	$4,323	$1,210	$1,556
Renters	$24,195	$2,016	$565	$726

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Eagleton Village, TN, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Eagleton Village homeowners, is $51,875. This would allow for a maximum of $1,210 per month to be spent on housing costs. For renters, the median monthly income is $24,195 which would result in a maximum of $565 to be spent on rental costs.

Tennessee Sales Tax

State	General Sales Tax	With Max Surtax
Tennessee	7%	9.75%

Tennessee Income Tax

State	Income Tax (Low)	Income Tax (High)
Tennessee	1%	1%

Goods & Services

Item	Eagleton Village	National avg.	Difference
Haircut	$15.40	$20.27	24.0%
Beauty Salon	$38.07	$40.39	5.8%
Toothpaste	$1.35	$2.36	42.6%
Shampoo	$0.85	$1.08	21.0%
Movie	$10.36	$10.99	5.7%
Bowling	$21.40	$15.49	38.1%

Groceries

Item	Eagleton Village	National avg.	Difference
Ground Beef	$3.88	$4.30	9.8%
Fried Chicken	$0.98	$1.40	30.0%
Milk	$1.88	$2.20	14.5%
Potatoes	$3.02	$3.22	6.2%
Pizza	$9.99	$10.74	7.0%
Beer	$9.91	$9.60	3.3%

Health Care

Item	Eagleton Village	National avg.	Difference
Optometrist	$91.00	$109.73	17.1%
Doctor	$103.60	$118.34	12.5%
Dentist	$90.27	$100.94	10.6%
Ibuprofen	$9.19	$9.93	7.5%
Lipitor	$494.20	$469.53	5.3%

Housing

Item	Eagleton Village	National avg.	Difference
Home Price	$110,200.00	$184,700.00	40.3%
Avg. Mortgage Payment	$899.42	$1,229.62	26.9%
Apartment Rent	$837.00	$949.00	11.8%

Transportation

Item	Eagleton Village	National avg.	Difference
Gasoline	$2.52	$2.71	7.2%
Tire Balancing	$34.39	$51.86	33.7%

Utilities

Item	Eagleton Village	National avg.	Difference
All Electricity	$158.33	$170.84	7.3%
Phone	$188.34	$187.18	0.6%

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	Population	Cost of Living Index	National Avg.
Alcoa, TN	9,058	82	18.2%
Knoxville, TN	183,927	82	18.1%
Friendsville, TN	823	82	17.6%
Greenback, TN	1,020	85	14.9%
Wildwood, TN	1,140	86	14.2%
Eagleton Village, TN	4,902	81	18.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Brent, AL	4,902	86	14.5%
Big Pine Key, FL	4,902	126	26.0%
Kneehill County, AB	4,902	n/a
Cochran, GA	4,901	81	18.7%
Travelers Rest, SC	4,903	93	6.9%
Eagleton Village, TN	4,902	81	18.5%

Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.