Cost Of Living in Signal Mountain, TN

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D-

20%

Overall NAT. AVG.

10%

Goods & Services NAT. AVG.

86%

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	Signal Mountain	Tennessee	National
Cost of living	120	89	100
Goods & Services	90	94	100
Groceries	97	98	100
Health care	92	88	100
Housing	186	80	100
Transportation	88	89	100
Utilities	93	93	100

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Cost Of Living Quick Facts

The cost of living in Signal Mountain is 34% higher than the Tennessee average
The cost of living in Signal Mountain is 20% higher than the national average
Signal Mountain housing is 86% higher 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	$119,672	$9,973	$2,792	$3,591
Renters	$54,773	$4,564	$1,278	$1,643

A good way to judge both the affordability of the housing and the cost of living in Signal Mountain is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Signal Mountain has a median income of about $119,672 for people who own homes. Based on that number, a maximum of $2,792 should be spent on expenses related to housing. Renters have a slightly different median income, which is $54,773. Based on this average, renters should spend no more than $1,278 on all rental costs if they want to maintain a non-impoverished standard of living.

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	Signal Mountain	National avg.	Difference
Haircut	$18.80	$24.26	22.5%
Beauty Salon	$48.40	$45.56	6.2%
Toothpaste	$3.66	$3.70	1.1%
Shampoo	$1.27	$1.28	0.8%
Movie	$12.57	$12.13	3.6%
Bowling	$16.47	$18.00	8.5%

Groceries

Item	Signal Mountain	National avg.	Difference
Ground Beef	$5.63	$5.84	3.5%
Fried Chicken	$1.43	$1.57	8.9%
Milk	$4.49	$4.67	3.9%
Potatoes	$5.17	$4.93	4.8%
Pizza	$11.66	$12.09	3.6%
Beer	$10.02	$10.41	3.8%

Health Care

Item	Signal Mountain	National avg.	Difference
Optometrist	$112.00	$125.68	10.9%
Doctor	$129.61	$135.78	4.5%
Dentist	$96.50	$113.29	14.8%
Ibuprofen	$10.39	$10.65	2.4%
Lipitor	$465.03	$468.60	0.8%

Housing

Item	Signal Mountain	National avg.	Difference
Home Price	$338,100.00	$184,700.00	83.1%
Avg. Mortgage Payment	$2,008.10	$2,346.69	14.4%
Apartment Rent	$1,841.00	$949.00	94.0%

Transportation

Item	Signal Mountain	National avg.	Difference
Gasoline	$3.09	$3.46	10.6%
Tire Balancing	$50.87	$59.92	15.1%

Utilities

Item	Signal Mountain	National avg.	Difference
All Electricity	$170.16	$193.99	12.3%
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.
Palmer, TN	708	79	21.4%
Rossville, GA	3,989	80	20.2%
Whitwell, TN	1,977	83	17.0%
Lakeview, GA	4,761	84	16.2%
Fairview, GA	5,919	84	15.6%
Signal Mountain, TN	8,574	120	20.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Berthoud, CO	8,574	126	26.3%
Mount Pleasant, IA	8,574	90	10.3%
Stony Brook University, NY	8,574	112	12.4%
Hailey, ID	8,575	119	18.9%
Otterburn Park, QC	8,571	n/a
Signal Mountain, TN	8,574	120	20.1%