A+
0%
Overall NAT. AVG.
10%
Goods & Services NAT. AVG.
19%
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 Collegedale Tennessee National
Cost of living10089100
Goods & Services9094100
Groceries9798100
Health care9288100
Housing11980100
Transportation8889100
Utilities9393100

An Overview of Cost of Living in Collegedale, TN

The cost of living in Collegedale 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 Collegedale is 100, which is 0% equal to 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 Collegedale aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, goods and services, health care and utility bills are priced at a level consistent with the average in similar urban areas. Collegedale 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.

Is Collegedale Affordable?

Is Collegedale an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Collegedale is 23.1% higher than the national average, while the average monthly rent prices are 8.3% higher than average. The affordability of any location can also be influenced by median income levels. Collegedale has a median household income of $57,713, which is 4.3% higher than the national average.

What Factors can Influence the Cost of Living in Collegedale?

Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Collegedale comes in at 7.5% lower than the national average.

Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In Collegedale, the groceries index registers 2.9% lower than the national average.

Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Collegedale, the healthcare costs are 8% lower than the national average.

Where is the Data From?

The cost of living in Collegedale, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Collegedale is 12% higher than the Tennessee average
  • The cost of living in Collegedale is equal to the national average
  • Collegedale housing is 19% higher 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 Collegedale

See all the best places to live around Collegedale

Compare Collegedale, 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$71,827$5,986$1,676$2,155
      Renters$53,133$4,428$1,240$1,594
      The affordability of the housing market in Collegedale, TN as well as the overall cost of living can be predicted 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 be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Collegedale homeowners, the median income is $71,827. This indicates that a monthly maximum of $1,676 should be spent by homeowners on all housing related costs. Renters have a median income of $53,133. This indicates that renters would have a maximum of $1,240 for their rent related monthly 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 Collegedale 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 Collegedale 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 Collegedale 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 Collegedale National avg. Difference
      Home Price $227,300.00$184,700.0023.1%
      Avg. Mortgage Payment $2,008.10$2,346.6914.4%
      Apartment Rent $1,028.00$949.008.3%

      Transportation

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

      Utilities

      Item Collegedale 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.
      Rossville, GA3,9898020.2%
      East Cleveland, TN2,5578019.9%
      Lakeview, GA4,7618416.2%
      Fairview, GA5,9198415.6%
      Fort Oglethorpe, GA9,8778514.6%
      Collegedale, TN11,4021000.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Lovington, NM11,4008812.2%
      Williams Lake, BC11,397n/a 
      Endwell, NY11,396928.1%
      Tarrytown, NY11,39416261.8%
      Highland City, FL11,3921000.5%
      Collegedale, TN11,4021000.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.