B+
Overall 15%
Goods & Services 1%
Housing 42%
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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.
IndexWatertownTennesseeNational
Cost of living8589100
Goods & Services9993100
Groceries9794100
Health care9191100
Housing5880100
Transportation9188100
Utilities9592100

Key findings

  • The cost of living in Watertown is 4% lower than the Tennessee average
  • The cost of living in Watertown is 15% lower than the national average
  • Watertown housing is 42% lower than the national average
  • Tennessee general sales tax is 37% higher than the national average
  • Tennessee state income tax is 59% lower than the national average

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Compare Watertown, TN Cost of Living

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      Salary Calculator

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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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$44,250$3,688$1,032$1,328
      Renters$28,750$2,396$671$863

      Tennessee Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Tennessee7%9.75%

      Tennessee Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Tennessee1%1%

      Goods & Services

      ItemWatertownNational avg.Difference
      Haircut $16.79$20.2717.2%
      Beauty Salon $36.22$40.3910.3%
      Toothpaste $2.54$2.367.5%
      Shampoo $1.05$1.082.5%
      Movie $9.89$10.9910.0%
      Bowling $13.72$15.4911.5%

      Groceries

      ItemWatertownNational avg.Difference
      Ground Beef $4.58$4.306.7%
      Fried Chicken $1.00$1.4028.2%
      Milk $2.03$2.208.0%
      Potatoes $3.07$3.224.7%
      Pizza $9.93$10.747.6%
      Beer $10.10$9.605.3%

      Health Care

      ItemWatertownNational avg.Difference
      Optometrist $91.72$109.7316.4%
      Doctor $107.09$118.349.5%
      Dentist $90.34$100.9410.5%
      Ibuprofen $9.33$9.936.0%
      Lipitor $458.26$469.532.4%

      Housing

      ItemWatertownNational avg.Difference
      Home Price $96,700.00$184,700.0047.6%
      Avg. Mortgage Payment $995.46$1,229.6219.0%
      Apartment Rent $685.00$949.0027.8%

      Transportation

      ItemWatertownNational avg.Difference
      Gasoline $2.66$2.711.8%
      Tire Balancing $41.33$51.8620.3%

      Utilities

      ItemWatertownNational avg.Difference
      All Electricity$154.13$170.849.8%
      Phone $190.21$187.181.6%
      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

      CityPopulationCost of Living IndexNational Avg.
      Dowelltown, TN3998118.7%
      Carthage, TN2,1868217.7%
      Liberty, TN3058416.3%
      South Carthage, TN1,3388415.7%
      Alexandria, TN1,1068613.8%
      Watertown, TN1,4128514.8%

      Cities with similar population

      CityPopulationCost of Living IndexNational Avg.
      St. Anne, IL1,4128415.9%
      Clara City, MN1,412927.7%
      Bloomfield, NY1,412955.5%
      Brewster Hill, NY1,41213838.2%
      Langston, OK1,4127624.3%
      Watertown, TN1,4128514.8%
      Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.