| Index | Soddy-Daisy | Tennessee | National |
| Cost of living | 93 | 92 | 100 |
| Groceries | 96 | 98 | 100 |
| Health care | 98 | 97 | 100 |
| Housing | 85 | 80 | 100 |
| Transportation | 96 | 97 | 100 |
| Utilities | 96 | 98 | 100 |
| Lifestyle & Entertainment | 94 | 97 | 100 |
| Household Items | 99 | 98 | 100 |
| Education & Childcare | 97 | 97 | 100 |
The cost of living in Soddy-Daisy affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Soddy-Daisy is 93, which is 7% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
The cost of living in Soddy-Daisy aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, household expenses, health care and utility bills are priced at a level consistent with the average in similar urban areas. Soddy-Daisy residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.
The most insightful perspective on a city comes from its residents. We recently surveyed 9 locals to gauge their perception of the cost of living in Soddy-Daisy. The feedback revealed that 67% of respondents found the cost of living to be reasonable, with prices on the decline, while 33% regarded it as notably expensive with prices that continue to rise.
Is Soddy-Daisy affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Soddy-Daisy, for instance, where the median home price falls 9.4% lower than the national average, and monthly rent rates are 26.9% lower than usual. Additionally, median income levels contribute to the equation, with Soddy-Daisy flaunting a median household income of $75,292, 7.4% lower than the national norm.
Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In Soddy-Daisy, the transportation index stands at 4.3% lower than the national average.
Subsidies: Certain regions may provide government subsidies or assistance initiatives designed to alleviate the cost of living burden on their residents. These programs encompass a wide range of support mechanisms, such as Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas with fewer subsidy offerings might experience an elevation in their cost of living.
Taxes: Areas with higher taxes, including sales taxes and income taxes, can contribute to a higher cost of living. Paying more tax for everyday household expenses like clothing and food will result in higher costs, as will paying a higher rate of income tax. The general sales tax rate in Soddy-Daisy starts at 7% and the income tax rates start at 0%.
The Soddy-Daisy cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $94,838 | $7,903 | $2,213 | $2,845 |
| Renters | $48,771 | $4,064 | $1,138 | $1,463 |
| State | General Sales Tax | With Max Surtax |
| Tennessee | 7% | 9.75% |
| State | Income Tax (Low) | Income Tax (High) |
| Tennessee | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Graysville, TN | 1,679 | 83 | 16.6% |
| Dunlap, TN | 5,355 | 88 | 12.1% |
| Red Bank, TN | 12,075 | 94 | 6.2% |
| Lone Oak, TN | 1,298 | 94 | 5.5% |
| Chattanooga, TN | 187,734 | 97 | 3.5% |
| Soddy-Daisy, TN | 13,883 | 93 | 6.9% |
| City | Population | Cost of Living Index | National Avg. |
| Ardmore, PA | 13,882 | 126 | 25.5% |
| Dardenne Prairie, MO | 13,884 | 114 | 14.2% |
| Levelland, TX | 13,885 | 87 | 13.1% |
| Lacombe, AB | 13,889 | n/a | |
| The Nation / La Nation, ON | 13,890 | n/a | |
| Soddy-Daisy, TN | 13,883 | 93 | 6.9% |
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