Cost Of Living in Savannah, TN

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17%

Overall NAT. AVG.

6%

Goods & Services NAT. AVG.

37%

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	Savannah	Tennessee	National
Cost of living	83	89	100
Goods & Services	94	94	100
Groceries	97	98	100
Health care	87	88	100
Housing	63	80	100
Transportation	89	89	100
Utilities	86	93	100

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Cost Of Living Quick Facts

The cost of living in Savannah is 7% lower than the Tennessee average
The cost of living in Savannah is 17% lower than the national average
Savannah housing is 37% 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	$52,500	$4,375	$1,225	$1,575
Renters	$23,569	$1,964	$550	$707

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Savannah, TN, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Savannah homeowners, is $52,500. This would allow for a maximum of $1,225 per month to be spent on housing costs. For renters, the median monthly income is $23,569 which would result in a maximum of $550 to be spent on rental costs.

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	Savannah	National avg.	Difference
Haircut	$24.01	$24.26	1.0%
Beauty Salon	$33.55	$45.56	26.4%
Toothpaste	$3.74	$3.70	1.1%
Shampoo	$1.08	$1.28	15.9%
Movie	$11.93	$12.13	1.7%
Bowling	$12.50	$18.00	30.6%

Groceries

Item	Savannah	National avg.	Difference
Ground Beef	$5.94	$5.84	1.7%
Fried Chicken	$1.67	$1.57	6.2%
Milk	$4.54	$4.67	2.8%
Potatoes	$5.03	$4.93	1.9%
Pizza	$12.00	$12.09	0.7%
Beer	$9.74	$10.41	6.5%

Health Care

Item	Savannah	National avg.	Difference
Optometrist	$127.08	$125.68	1.1%
Doctor	$138.39	$135.78	1.9%
Dentist	$86.67	$113.29	23.5%
Ibuprofen	$10.10	$10.65	5.2%
Lipitor	$338.33	$468.60	27.8%

Housing

Item	Savannah	National avg.	Difference
Home Price	$115,000.00	$184,700.00	37.7%
Avg. Mortgage Payment	$1,691.70	$2,346.69	27.9%
Apartment Rent	$612.00	$949.00	35.5%

Transportation

Item	Savannah	National avg.	Difference
Gasoline	$3.15	$3.46	9.0%
Tire Balancing	$50.50	$59.92	15.7%

Utilities

Item	Savannah	National avg.	Difference
All Electricity	$148.29	$193.99	23.6%
Phone	$192.18	$192.25	0.0%

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.
Adamsville, TN	2,120	79	21.1%
Stantonville, TN	392	80	20.3%
Saltillo, TN	652	80	20.2%
Milledgeville, TN	298	81	19.5%
Michie, TN	860	81	18.9%
Savannah, TN	6,934	83	16.7%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Madras, OR	6,934	107	6.6%
Piñon Hills, CA	6,937	123	22.7%
Black Jack, MO	6,930	90	9.9%
Live Oak, FL	6,929	85	15.5%
Middlebury, VT	6,929	120	20.2%
Savannah, TN	6,934	83	16.7%