Sweetwater cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexSweetwaterTennesseeNational
Cost of living index7989100
IndexSweetwaterTennesseeNational
Goods & Services index8593100
Groceries index8995100
Health care index9289100
Housing index6080100
Transportation index8388100
Utilities index9396100
The above illustration supplies generalized information for the Sweetwater, TN cost of living index. Compared to other cities in Tennessee and cities across the country, the cost of living index in Sweetwater, TN is 79, which is 11% lower than the Tennessee average and 21% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Sweetwater, TN are 8% lower than the average for Tennessee and 15% lower than the rest of the country.
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Did you know?

  • The cost of living in Sweetwater is 11% lower than the Tennessee average.
  • The cost of living in Sweetwater is 21% lower than the national average.
  • The cost of housing in Sweetwater is 40% lower than the national average.
  • Tennessee general sales tax is 37% higher than the national average.
  • Tennessee state income tax is 55% lower than the national average.

Compare Sweetwater, TN Cost of living To Other Cities

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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
      Use the salary calculator to compare your current salary in Sweetwater, TN to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Sweetwater, TN, then you would need to earn more income in order to maintain the same standard of living. To use the Sweetwater, TN salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$43,828$3,652$1,023$1,315
      Renters$25,735$2,145$600$772
      The affordability of the housing market in Sweetwater, TN as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Sweetwater, TN homeowners, the median income is $43,828. This indicates that a monthly maximum of $1,023 should be spent by homeowners on all housing related costs. Renters have a median income of $25,735. This indicates that renters should have a maximum of $600 used for their rent related monthly costs.

      Tennessee Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Tennessee7%9.75%

      Tennessee Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Tennessee1%1%
      When assessing the complete cost of living in Sweetwater, TN, the Tennessee income tax and the Tennessee sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Tennessee maximum surtax is 9.75%, and the Tennessee sales tax is 7%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 1% to 1% in Tennessee.

      Goods & Services

      ItemSweetwaterNational avg.Difference
      Haircut $14.60$17.4916.5%
      Beauty Salon $37.40$38.172.0%
      Toothpaste $1.44$2.3238.0%
      Shampoo $0.85$1.0116.0%
      Movie $10.16$10.725.3%
      Bowling $18.00$13.8629.9%

      Groceries

      ItemSweetwaterNational avg.Difference
      Ground Beef $4.22$3.908.2%
      Fried Chicken $0.98$1.4029.8%
      Milk $1.77$1.969.8%
      Potatoes $2.92$3.188.3%
      Pizza $9.99$10.393.9%
      Beer $9.69$9.235.0%

      Health Care

      ItemSweetwaterNational avg.Difference
      Optometrist $88.00$106.3417.2%
      Doctor $102.60$115.2511.0%
      Dentist $89.60$98.388.9%
      Ibuprofen $7.98$9.2613.8%
      Lipitor $492.72$466.475.6%

      Housing

      ItemSweetwaterNational avg.Difference
      Home Price $110,200.00$184,700.0040.3%
      Avg. Mortgage Payment $878.97$1,273.3231.0%
      Apartment Rent $566.00$949.0040.4%

      Transportation

      ItemSweetwaterNational avg.Difference
      Gasoline $2.42$2.596.8%
      Tire Balancing $32.76$48.9033.0%

      Utilities

      ItemSweetwaterNational avg.Difference
      All Electricity$146.78$167.6012.4%
      Phone $182.13$163.4211.5%
      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, StatePopulationCost of Living IndexNational Avg.
      Englewood, TN1,78575-25%
      Riceville, TN84982-18%
      Niota, TN1,07177-23%
      Philadelphia, TN1,02377-23%
      Madisonville, TN4,72779-21%
      Sweetwater, TN5,87779-21%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Roseburg North, OR5,8761044%
      Roseland, NJ5,87514646%
      Bellevue, KY5,87991-9%
      Tequesta, FL5,87312121%
      DeFuniak Springs, FL5,87388-12%
      Sweetwater, TN5,87779-21%
      Source: The Sweetwater, TN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.