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.
A general summary of the cost of living index in Lenoir City, TN is shown above. Compared to the state average of Tennessee the cost of living index in Lenoir City, TN is 80, which is 11% lower than the average in Tennessee and compared to the national average it is 20% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Lenoir City, TN goods and services come in at 12% lower than the average in Tennessee and are 15% lower than compared to the nationwide average.
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Did you know?
The cost of living in Lenoir City is 11% lower than the Tennessee average.
The cost of living in Lenoir City is 20% lower than the national average.
The cost of housing in Lenoir City is 35% lower than the national average.
Tennessee general sales tax is 37% higher than the national average.
Tennessee state income tax is 125% higher than the national average.
Compare Lenoir City, TN Cost of living To Other Cities
This is how much you would need to earn in Price difference in compared to
Cost of living index
Goods & Services index
Health care index
Use the salary calculator to compare your current income in Lenoir City, 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 Lenoir City, TN, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Lenoir City, 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
Max Budget (28% DTI)
Max Budget (36% DTI)
If you want to find a good determining factor for the cost of living and the general affordability of housing in Lenoir City, TN, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Lenoir City, TN, the median monthly income is $54,105 for those who own their own homes. Under the standard rule, that income level would allow for $1,262 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $23,305, per the median income in the area. That would allow for renters to spend up to $544 on monthly rental expenses.
Tennessee Sales Tax
General Sales Tax
With Max Surtax
Tennessee Income Tax
Income Tax (Low)
Income Tax (High)
One thing to keep in mind when considering the cost of living in Lenoir City, TN is the Tennessee sales tax and Tennessee income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Tennessee sales tax rate is 7% and the maximum surtax that can be charged is 9.75%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Tennessee income tax rates range from 5% to 5%.
Goods & Services
Avg. Mortgage Payment
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.