Madisonville 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.
Cost of living index8290100
Goods & Services index8997100
Groceries index10593100
Health care index8589100
Housing index5980100
Transportation index8790100
Utilities index9295100
A general overview of the cost of living index for Madisonville, TN is displayed above. In Madisonville, TN, the overall cost of living index is 82, which is 9% lower than the Tennessee average and 18% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Madisonville, TN, the city's goods and services are 8% lower than the Tennessee average and 11% lower than the U.S. average.

Did you know?

  • The cost of living in Madisonville is 9% lower than the Tennessee average.
  • The cost of living in Madisonville is 18% lower than the national average.
  • The cost of housing in Madisonville is 41% 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.

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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
The salary calculator allows you to compare how much your current salary in Madisonville, TN would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Madisonville, TN, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Madisonville, TN salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Madisonville, 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 Madisonville, TN homeowners have a median income of $49,407. Using that number, you will come up with a maximum of $1,153 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $20,653, which means there is a maximum of $482 to be spent on the costs of renting a home or apartment.

Tennessee Sales Tax

StateGeneral Sales TaxWith Max Surtax

Tennessee Income Tax

StateIncome Tax (Low)Income Tax (High)
The Tennessee sales tax and Tennessee income tax rates should definitely be considered when determining the overall cost of living in Madisonville, TN. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Tennessee sales tax is 7% and the maximum surtax is 9.75%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Tennessee income tax rates range from 5% to 5%.

Goods & Services

ItemMadisonvilleNational avg.Difference
Haircut $15.67$16.092.6%
Beauty Salon $21.89$37.3341.4%
Toothpaste $2.38$2.452.8%
Shampoo $0.91$1.009.0%
Movie $10.92$10.286.2%
Bowling $4.00$4.9318.9%


ItemMadisonvilleNational avg.Difference
Ground Beef $4.26$3.8012.1%
Fried Chicken $1.75$1.4025.5%
Milk $2.56$2.0127.5%
Potatoes $3.62$3.0120.2%
Pizza $8.99$9.899.1%
Beer $9.15$8.902.8%

Health Care

ItemMadisonvilleNational avg.Difference
Optometrist $123.11$102.1620.5%
Doctor $73.67$108.3632.0%
Dentist $75.06$92.5318.9%
Ibuprofen $9.48$9.282.2%
Lipitor $419.13$425.821.6%


ItemMadisonvilleNational avg.Difference
Home Price $109,800.00$184,700.0040.6%
Avg. Mortgage Payment $973.70$1,202.4419.0%
Apartment Rent $562.00$949.0040.8%


ItemMadisonvilleNational avg.Difference
Gasoline $1.98$2.2411.8%
Tire Balancing $39.21$46.2915.3%


ItemMadisonvilleNational avg.Difference
All Electricity$136.32$165.9617.9%
Phone $29.99$28.684.6%
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, StatePopulationCost of Living IndexNational Avg.
Englewood, TN1,78578-22%
Etowah, TN3,49379-21%
Tellico Plains, TN87879-21%
Niota, TN1,07180-20%
Philadelphia, TN1,02376-24%
Madisonville, TN4,72782-18%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Searingtown, NY4,727223123%
Seven Lakes, NC4,7271077%
Denver City, TX4,72782-18%
Piedmont, AL4,72881-19%
Penitas, TX4,72874-26%
Madisonville, TN4,72782-18%
Source: The Madisonville, TN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.