Goodlettsville, Tennessee Cost Of Living

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C+

Overall 4%

Goods & Services 3%

Housing 3%

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; 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	Goodlettsville	Tennessee	National
Cost of living	96	89	100
Goods & Services	97	93	100
Groceries	98	95	100
Health care	92	89	100
Housing	97	80	100
Transportation	91	88	100
Utilities	93	96	100

Key findings

The cost of living in Goodlettsville is 8% higher than the Tennessee average
The cost of living in Goodlettsville is 4% lower than the national average
Goodlettsville housing is 3% 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	$69,934	$5,828	$1,632	$2,098
Renters	$30,902	$2,575	$721	$927

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Goodlettsville, TN, as well as what the overall cost of living might be. 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 payments and not more than 36 percent of income on all expenses and debts. In Goodlettsville, homeowners have a median income of $69,934. Using that number, a maximum of $1,632 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $30,902, which means there is a maximum of $721 to be spent on the costs of renting a home or apartment.

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	Goodlettsville	National avg.	Difference
Haircut	$15.67	$17.49	10.4%
Beauty Salon	$37.50	$38.17	1.8%
Toothpaste	$4.49	$2.32	93.5%
Shampoo	$1.00	$1.01	1.2%
Movie	$10.73	$10.72	0.1%
Bowling	$17.75	$13.86	28.1%

Groceries

Item	Goodlettsville	National avg.	Difference
Ground Beef	$4.22	$3.90	8.2%
Fried Chicken	$1.61	$1.40	15.4%
Milk	$2.09	$1.96	6.5%
Potatoes	$2.97	$3.18	6.7%
Pizza	$10.14	$10.39	2.4%
Beer	$9.99	$9.23	8.2%

Health Care

Item	Goodlettsville	National avg.	Difference
Optometrist	$100.25	$106.34	5.7%
Doctor	$104.00	$115.25	9.8%
Dentist	$101.67	$98.38	3.3%
Ibuprofen	$8.17	$9.26	11.8%
Lipitor	$350.71	$466.47	24.8%

Housing

Item	Goodlettsville	National avg.	Difference
Home Price	$177,900.00	$184,700.00	3.7%
Avg. Mortgage Payment	$1,149.34	$1,273.32	9.7%
Apartment Rent	$938.00	$949.00	1.2%

Transportation

Item	Goodlettsville	National avg.	Difference
Gasoline	$2.52	$2.59	2.9%
Tire Balancing	$40.95	$48.90	16.2%

Utilities

Item	Goodlettsville	National avg.	Difference
All Electricity	$148.56	$167.60	11.4%
Phone	$178.95	$163.42	9.5%

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, State	Population	Cost of Living Index	National Avg.
New Deal, TN	304	82	-18%
Graball, TN	249	84	-16%
Springfield, TN	16,650	89	-11%
Greenbrier, TN	6,684	90	-10%
Cross Plains, TN	1,776	92	-8%
Goodlettsville, TN	16,848	96	-4%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Oak Grove, OR	16,848	122	22%
Forney, TX	16,842	103	3%
Pendleton, OR	16,861	92	-8%
Norwalk, OH	16,862	84	-16%
Dyersburg, TN	16,867	83	-17%
Goodlettsville, TN	16,848	96	-4%

Source: The Goodlettsville, TN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.