Cost of Living in Spencer, TN

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18%
Overall NAT. AVG.
3%
Groceries NAT. AVG.
52%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Spencer Tennessee National
Cost of living8292100
Groceries9798100
Health care9797100
Housing4880100
Transportation9597100
Utilities9698100
Lifestyle & Entertainment9497100
Household Items10098100
Education & Childcare9797100
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Homes For Sale In Spencer, TN

property for sale

706 Topside Dr

Spencer, TN
property for sale

0 TN-111

Spencer, TN
property for sale

747 Old County Farm Rd

Spencer, TN
property for sale

160 Eagles Bluff Cir

Spencer, TN

Cost Of Living Quick Facts

  • The cost of living in Spencer is 11% lower than the Tennessee average
  • The cost of living in Spencer is 18% lower than the national average
  • Spencer housing is 52% 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

Most Affordable Places to Live in and Around Spencer

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Compare Spencer, TN Cost of Living

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      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$73,853$6,154$1,723$2,216
      Renters$27,735$2,311$647$832

      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%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Doyle, TN6098416.2%
      Pikeville, TN2,5158712.8%
      Sparta, TN5,1178910.6%
      Spencer, TN1,4438218.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Pinetops, NC1,4438317.0%
      New Middletown, OH1,4438515.0%
      Gardendale, TX1,44311010.5%
      Dunnigan, CA1,4441044.1%
      Strawberry Point, IA1,4428416.1%
      Spencer, TN1,4438218.0%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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