A+
6%
Overall NAT. AVG.
10%
Goods & Services NAT. AVG.
0%
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 Middle Valley Tennessee National
Cost of living9489100
Goods & Services9094100
Groceries9798100
Health care9288100
Housing10080100
Transportation8889100
Utilities9393100

An Overview of Cost of Living in Middle Valley, TN

Knowing the cost of living in Middle Valley allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Middle Valley stands at 94, marking it 6% lower than the national average.

The cost of living in Middle Valley is about average when compared to all other cities across the nation. You can expect that everyday items like food, goods and services and utility bills will be no more expensive than any other average city. Residents can anticipate living expenses that remain in line with the national average, ensuring a manageable financial burden, making it an attractive choice for those seeking affordability without the constraints of higher everyday expenditures.

Is Middle Valley Affordable?

Is Middle Valley 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 Middle Valley, the median home price is 0.9% lower than what most folks pay across the country, and monthly rent prices are 1.9% higher than the usual rates. Income levels in Middle Valley come in at $73,692, which is 33.2% higher than the national average.

What Factors can Influence the Cost of Living in Middle Valley?

Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Middle Valley, the prevailing sales tax rate starts at 7%, and income tax rates kick off at 0%.

Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Middle Valley, healthcare costs are 8% lower than the national average.

Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.

Where is the Data From?

The Middle Valley 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. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Middle Valley is 5% higher than the Tennessee average
  • The cost of living in Middle Valley is 6% lower than the national average
  • Middle Valley housing is equal to 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 Middle Valley

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Compare Middle Valley, TN Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      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$82,668$6,889$1,929$2,480
      Renters$51,500$4,292$1,202$1,545
      A good indicator of the general affordability of housing in Middle Valley, TN, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Middle Valley, the median monthly income is $82,668 for those who own their own homes. Under the standard rule, that income level would allow for $1,929 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $51,500, per the median income in the area. That would allow for renters to spend up to $1,202 on monthly rental expenses.

      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 Middle Valley 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 Middle Valley 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 Middle Valley 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 Middle Valley National avg. Difference
      Home Price $183,100.00$184,700.000.9%
      Avg. Mortgage Payment $2,008.10$2,346.6914.4%
      Apartment Rent $967.00$949.001.9%

      Transportation

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

      Utilities

      Item Middle Valley 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%
      Lakeview, GA4,7618416.2%
      Dunlap, TN5,1598515.4%
      East Ridge, TN21,1878812.1%
      Soddy-Daisy, TN13,5108910.5%
      Middle Valley, TN12,100945.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Spring Lake, NC12,0938910.6%
      Platteville, WI12,113937.1%
      Mackenzie County, AB12,113n/a 
      Riverview, MI12,085963.7%
      Kingsburg, CA12,11612322.5%
      Middle Valley, TN12,100945.8%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.