Cost Of Living in Oak Hill, TN

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	Oak Hill	Tennessee	National
Cost of living	167	89	100
Goods & Services	94	94	100
Groceries	100	98	100
Health care	91	88	100
Housing	333	80	100
Transportation	92	89	100
Utilities	102	93	100

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Cost Of Living Quick Facts

The cost of living in Oak Hill is 87% higher than the Tennessee average
The cost of living in Oak Hill is 67% higher than the national average
Oak Hill housing is 233% 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

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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	$185,156	$15,430	$4,320	$5,555
Renters	$0	$0	$0	$0

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Oak Hill, TN, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Oak Hill, homeowners have a median income of $185,156. Using that number, a maximum of $4,320 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $0, which means there is a maximum of $0 to be spent on the costs of renting a home or apartment.

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	Oak Hill	National avg.	Difference
Haircut	$24.76	$24.26	2.1%
Beauty Salon	$46.01	$45.56	1.0%
Toothpaste	$3.71	$3.70	0.2%
Shampoo	$1.23	$1.28	3.9%
Movie	$13.30	$12.13	9.6%
Bowling	$19.79	$18.00	9.9%

Groceries

Item	Oak Hill	National avg.	Difference
Ground Beef	$5.70	$5.84	2.4%
Fried Chicken	$1.43	$1.57	8.9%
Milk	$4.68	$4.67	0.2%
Potatoes	$5.16	$4.93	4.6%
Pizza	$10.85	$12.09	10.3%
Beer	$10.05	$10.41	3.5%

Health Care

Item	Oak Hill	National avg.	Difference
Optometrist	$96.03	$125.68	23.6%
Doctor	$116.91	$135.78	13.9%
Dentist	$104.65	$113.29	7.6%
Ibuprofen	$10.51	$10.65	1.3%
Lipitor	$460.51	$468.60	1.7%

Housing

Item	Oak Hill	National avg.	Difference
Home Price	$723,100.00	$184,700.00	291.5%
Avg. Mortgage Payment	$2,548.79	$2,346.69	8.6%
Apartment Rent	$1,859.00	$949.00	95.9%

Transportation

Item	Oak Hill	National avg.	Difference
Gasoline	$3.12	$3.46	9.8%
Tire Balancing	$57.43	$59.92	4.2%

Utilities

Item	Oak Hill	National avg.	Difference
All Electricity	$183.77	$193.99	5.3%
Phone	$218.37	$192.25	13.6%

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

City	Population	Cost of Living Index	National Avg.
La Vergne, TN	35,556	100	0.5%
Pegram, TN	2,492	108	8.1%
Nashville, TN	667,070	108	8.4%
Green Hill, TN	7,308	109	8.6%
Berry Hill, TN	1,220	115	14.9%
Oak Hill, TN	4,536	167	67.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Hayfield, VA	4,535	168	68.3%
Negaunee, MI	4,537	87	12.5%
Scott City, MO	4,538	83	17.3%
Ardsley, NY	4,533	191	90.8%
Creedmoor, NC	4,539	99	1.3%
Oak Hill, TN	4,536	167	67.0%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Oak Hill, TN