Cost of Living in Loretto, TN

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A+
19%
Overall NAT. AVG.
10%
Goods & Services NAT. AVG.
44%
Housing NAT. AVG.
Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; 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 Loretto Tennessee National
Cost of living8189100
Goods & Services9094100
Groceries9498100
Health care8388100
Housing5680100
Transportation9089100
Utilities9593100
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Cost Of Living Quick Facts

  • The cost of living in Loretto is 10% lower than the Tennessee average
  • The cost of living in Loretto is 19% lower than the national average
  • Loretto housing is 44% 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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      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$46,250$3,854$1,079$1,388
      Renters$31,023$2,585$724$931

      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 0% 0%

      Goods & Services

      Item Loretto National avg. Difference
      Haircut $17.13$24.2629.4%
      Beauty Salon $32.58$45.5628.5%
      Toothpaste $3.74$3.700.9%
      Shampoo $1.04$1.2819.0%
      Movie $13.50$12.1311.2%
      Bowling $17.50$18.002.8%

      Groceries

      Item Loretto National avg. Difference
      Ground Beef $5.67$5.842.9%
      Fried Chicken $1.67$1.576.2%
      Milk $4.49$4.674.0%
      Potatoes $5.06$4.932.5%
      Pizza $9.73$12.0919.5%
      Beer $10.23$10.411.7%

      Health Care

      Item Loretto National avg. Difference
      Optometrist $80.87$125.6835.7%
      Doctor $90.50$135.7833.3%
      Dentist $94.28$113.2916.8%
      Ibuprofen $10.04$10.655.8%
      Lipitor $519.93$468.6011.0%

      Housing

      Item Loretto National avg. Difference
      Home Price $93,100.00$184,700.0049.6%
      Avg. Mortgage Payment $1,703.27$2,346.6927.4%
      Apartment Rent $671.00$949.0029.3%

      Transportation

      Item Loretto National avg. Difference
      Gasoline $3.14$3.469.4%
      Tire Balancing $52.00$59.9213.2%

      Utilities

      Item Loretto National avg. Difference
      All Electricity $180.93$193.996.7%
      Phone $186.22$192.253.1%
      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.
      Iron City, TN946931.1%
      St. Joseph, TN9047821.7%
      Lawrenceburg, TN10,9258514.7%
      Underwood-Petersville, AL2,7078217.9%
      Lexington, AL8098316.8%
      Loretto, TN1,8108119.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Tariffville, CT1,8101099.0%
      Monroe, IA1,8108614.2%
      Stockton, MO1,8107822.2%
      Sharon, MS1,8108020.1%
      Seabrook Island, SC1,81017171.4%
      Loretto, TN1,8108119.4%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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