Huntingdon 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.
IndexHuntingdonTennesseeNational
Cost of living index8189100
IndexHuntingdonTennesseeNational
Goods & Services index9693100
Groceries index9195100
Health care index8389100
Housing index5280100
Transportation index9088100
Utilities index9796100
An overview of the general cost of living index for Huntingdon, TN is displayed above for your reference. Residents in Huntingdon, TN enjoy a cost of living index of 81. This index is 9% lower than the Tennessee average, and 19% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Huntingdon, TN, the average cost of goods and services is 3% higher than it is in Tennessee, and it is 4% lower than the national average.
How would you rate the cost of living in Huntingdon?
Write a review to give others more information about this area.
Is the cost of living increasing or decreasing in Huntingdon?
Write a review to give others more information about this area.

Did you know?

  • The cost of living in Huntingdon is 9% lower than the Tennessee average.
  • The cost of living in Huntingdon is 19% lower than the national average.
  • The cost of housing in Huntingdon is 48% lower than the national average.
  • Tennessee general sales tax is 37% higher than the national average.
  • Tennessee state income tax is 170% higher than the national average.

Compare Huntingdon, TN Cost of living To Other Cities

      vs

      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
      Use the salary calculator to compare your current salary in Huntingdon, 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 Huntingdon, TN, then you would need to earn more income in order to maintain the same standard of living. To use the Huntingdon, 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$51,985$4,332$1,213$1,560
      Renters$10,076$840$235$302
      How much of your monthly income goes to housing can tell you whether or not you can afford housing in Huntingdon, 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 Huntingdon, TN homeowners have a median income of $51,985. Using that number, you will come up with a maximum of $1,213 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $10,076, which means there is a maximum of $235 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)
      Tennessee6%6%
      For those who live in Huntingdon, TN and want to know what the true cost of living is, they ought to look at both the Tennessee income tax rate and the Tennessee sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Tennessee, the sales tax is 7%, while the most you'll pay in surtax is 9.75%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Tennessee, the income tax rate ranges between 6% to 6%.

      Goods & Services

      ItemHuntingdonNational avg.Difference
      Haircut $18.67$17.496.7%
      Beauty Salon $34.00$38.1710.9%
      Toothpaste $1.76$2.3224.2%
      Shampoo $0.89$1.0112.0%
      Movie $9.33$10.7213.0%
      Bowling $15.00$13.868.2%

      Groceries

      ItemHuntingdonNational avg.Difference
      Ground Beef $4.10$3.905.1%
      Fried Chicken $1.14$1.4018.3%
      Milk $1.83$1.966.7%
      Potatoes $2.72$3.1814.5%
      Pizza $11.49$10.3910.5%
      Beer $9.74$9.235.5%

      Health Care

      ItemHuntingdonNational avg.Difference
      Optometrist $92.00$106.3413.5%
      Doctor $129.17$115.2512.1%
      Dentist $64.00$98.3834.9%
      Ibuprofen $7.97$9.2613.9%
      Lipitor $348.85$466.4725.2%

      Housing

      ItemHuntingdonNational avg.Difference
      Home Price $93,400.00$184,700.0049.4%
      Avg. Mortgage Payment $917.10$1,273.3228.0%
      Apartment Rent $521.00$949.0045.1%

      Transportation

      ItemHuntingdonNational avg.Difference
      Gasoline $2.35$2.599.5%
      Tire Balancing $44.50$48.909.0%

      Utilities

      ItemHuntingdonNational avg.Difference
      All Electricity$158.37$167.605.5%
      Phone $182.13$163.4211.5%
      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, StatePopulationCost of Living IndexNational Avg.
      Trezevant, TN80478-22%
      Hollow Rock, TN66278-22%
      Gleason, TN1,32778-22%
      Bruceton, TN1,52479-21%
      Atwood, TN92379-21%
      Huntingdon, TN3,95981-19%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Laguna Beach, FL3,95999-1%
      Three Oaks, FL3,95911111%
      South Brooksville, FL3,95987-13%
      Goldstream, AK3,96012323%
      Belleair, FL3,95812121%
      Huntingdon, TN3,95981-19%
      Source: The Huntingdon, TN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.