Cost of Living in Parsons, TN

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A+
20%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
49%
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 Parsons Tennessee National
Cost of living8089100
Goods & Services9494100
Groceries9798100
Health care8788100
Housing5180100
Transportation8989100
Utilities8693100
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Cost Of Living Quick Facts

  • The cost of living in Parsons is 11% lower than the Tennessee average
  • The cost of living in Parsons is 20% lower than the national average
  • Parsons housing is 49% 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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Compare Parsons, TN Cost of Living

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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

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$41,750$3,479$974$1,253
      Renters$20,000$1,667$467$600

      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 Parsons National avg. Difference
      Haircut $24.01$24.261.0%
      Beauty Salon $33.55$45.5626.4%
      Toothpaste $3.74$3.701.1%
      Shampoo $1.08$1.2815.9%
      Movie $11.93$12.131.7%
      Bowling $12.50$18.0030.6%

      Groceries

      Item Parsons National avg. Difference
      Ground Beef $5.94$5.841.7%
      Fried Chicken $1.67$1.576.2%
      Milk $4.54$4.672.8%
      Potatoes $5.03$4.931.9%
      Pizza $12.00$12.090.7%
      Beer $9.74$10.416.5%

      Health Care

      Item Parsons National avg. Difference
      Optometrist $127.08$125.681.1%
      Doctor $138.39$135.781.9%
      Dentist $86.67$113.2923.5%
      Ibuprofen $10.10$10.655.2%
      Lipitor $338.33$468.6027.8%

      Housing

      Item Parsons National avg. Difference
      Home Price $87,900.00$184,700.0052.4%
      Avg. Mortgage Payment $1,691.70$2,346.6927.9%
      Apartment Rent $564.00$949.0040.6%

      Transportation

      Item Parsons National avg. Difference
      Gasoline $3.15$3.469.0%
      Tire Balancing $50.50$59.9215.7%

      Utilities

      Item Parsons National avg. Difference
      All Electricity $148.29$193.9923.6%
      Phone $192.18$192.250.0%
      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.
      Darden, TN372928.0%
      Decaturville, TN9477920.8%
      Scotts Hill, TN1,3208019.6%
      Sardis, TN3668317.0%
      Parker's Crossroads, TN5858515.3%
      Parsons, TN2,5858020.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Mountain View CDP, CA2,58513030.1%
      Sterling, KS2,5858514.5%
      Fillmore, UT2,585954.6%
      Okanogan, WA2,5851088.0%
      Hartford, AL2,5848713.2%
      Parsons, TN2,5858020.3%
      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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