A+
11%
Overall NAT. AVG.
10%
Goods & Services NAT. AVG.
17%
Housing NAT. AVG.
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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 Athens Tennessee National
Cost of living8989100
Goods & Services9094100
Groceries9798100
Health care9288100
Housing8380100
Transportation8889100
Utilities9393100

An Overview of Cost of Living in Athens, TN

Getting a feel for the cost of living in Athens is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Athens is 89, which is 11% lower than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

Is Athens Affordable?

Is Athens an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Athens, the median home price is 15.1% lower than what most folks pay across the country, and monthly rent prices are 21.9% lower than the usual rates. Income levels in Athens come in at $36,864, which is 33.4% lower than the national average.

What Factors can Influence the Cost of Living in Athens?

Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Athens, the utilities index is 7.5% lower than the national average.

Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In Athens, healthcare costs are 8% lower than the national average.

Housing: A sought-after location with high housing demand often leads to increased property values and rental rates, which can significantly inflate the overall cost of living. Conversely, areas with low housing demand, particularly in less desirable locales, tend to experience the opposite effect, causing prices to drop and contributing to a more affordable cost of living. In Athens, the housing index stands at 17.1% lower than the national average.

Where is the Data From?

The Athens cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Athens is equal to the Tennessee average
  • The cost of living in Athens is 11% lower than the national average
  • Athens housing is 17% 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 Athens

See all the best places to live around Athens

Compare Athens, 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 Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$51,326$4,277$1,198$1,540
      Renters$28,375$2,365$662$851
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Athens, TN, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Athens homeowners, is $51,326. This would allow for a maximum of $1,198 per month to be spent on housing costs. For renters, the median monthly income is $28,375 which would result in a maximum of $662 to be spent on rental costs.

      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 Athens National avg. Difference
      Haircut $18.80$24.2622.5%
      Beauty Salon $48.40$45.566.2%
      Toothpaste $3.66$3.701.1%
      Shampoo $1.27$1.280.8%
      Movie $12.57$12.133.6%
      Bowling $16.47$18.008.5%

      Groceries

      Item Athens National avg. Difference
      Ground Beef $5.63$5.843.5%
      Fried Chicken $1.43$1.578.9%
      Milk $4.49$4.673.9%
      Potatoes $5.17$4.934.8%
      Pizza $11.66$12.093.6%
      Beer $10.02$10.413.8%

      Health Care

      Item Athens National avg. Difference
      Optometrist $112.00$125.6810.9%
      Doctor $129.61$135.784.5%
      Dentist $96.50$113.2914.8%
      Ibuprofen $10.39$10.652.4%
      Lipitor $465.03$468.600.8%

      Housing

      Item Athens National avg. Difference
      Home Price $156,800.00$184,700.0015.1%
      Avg. Mortgage Payment $2,008.10$2,346.6914.4%
      Apartment Rent $741.00$949.0021.9%

      Transportation

      Item Athens National avg. Difference
      Gasoline $3.09$3.4610.6%
      Tire Balancing $50.87$59.9215.1%

      Utilities

      Item Athens National avg. Difference
      All Electricity $170.16$193.9912.3%
      Phone $192.18$192.250.0%
      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.
      Englewood, TN1,5137920.5%
      Niota, TN8378019.9%
      Etowah, TN3,5058218.0%
      Sweetwater, TN5,8948317.1%
      Charleston, TN6688415.8%
      Athens, TN13,9318911.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Orange, CT13,92813635.8%
      Reidsville, NC13,9288415.7%
      Jericho, NY13,92819594.6%
      Hutchinson, MN13,935982.4%
      Sauk Rapids, MN13,9261011.0%
      Athens, TN13,9318911.0%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.