Cost Of Living in Smithville, 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	Smithville	Tennessee	National
Cost of living	87	89	100
Goods & Services	98	94	100
Groceries	96	98	100
Health care	84	88	100
Housing	71	80	100
Transportation	90	89	100
Utilities	88	93	100

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Cost Of Living Quick Facts

The cost of living in Smithville is 2% lower than the Tennessee average
The cost of living in Smithville is 13% lower than the national average
Smithville housing is 29% 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

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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	$38,875	$3,240	$907	$1,166
Renters	$27,646	$2,304	$645	$829

To approximate the cost of living and the housing affordability in Smithville, TN, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Smithville have a median income of $38,875. Therefore, the amount that a consumer should spend on housing costs should be no more than $907 per month to avoid calamity and poverty. The renters in the city have an income of about $27,646, which would make their monthly maximum allowable rental costs $645.

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	Smithville	National avg.	Difference
Haircut	$16.67	$24.26	31.3%
Beauty Salon	$35.81	$45.56	21.4%
Toothpaste	$3.68	$3.70	0.6%
Shampoo	$1.08	$1.28	15.7%
Movie	$11.36	$12.13	6.4%
Bowling	$16.00	$18.00	11.1%

Groceries

Item	Smithville	National avg.	Difference
Ground Beef	$6.08	$5.84	4.1%
Fried Chicken	$1.44	$1.57	8.2%
Milk	$4.58	$4.67	2.0%
Potatoes	$5.16	$4.93	4.6%
Pizza	$10.76	$12.09	11.0%
Beer	$9.98	$10.41	4.1%

Health Care

Item	Smithville	National avg.	Difference
Optometrist	$91.33	$125.68	27.3%
Doctor	$106.94	$135.78	21.2%
Dentist	$90.50	$113.29	20.1%
Ibuprofen	$10.15	$10.65	4.8%
Lipitor	$466.21	$468.60	0.5%

Housing

Item	Smithville	National avg.	Difference
Home Price	$134,500.00	$184,700.00	27.2%
Avg. Mortgage Payment	$1,899.91	$2,346.69	19.0%
Apartment Rent	$640.00	$949.00	32.6%

Transportation

Item	Smithville	National avg.	Difference
Gasoline	$3.19	$3.46	7.9%
Tire Balancing	$50.61	$59.92	15.5%

Utilities

Item	Smithville	National avg.	Difference
All Electricity	$155.43	$193.99	19.9%
Phone	$192.18	$192.25	0.0%

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.
Alexandria, TN	992	84	16.2%
Dowelltown, TN	352	86	13.9%
Baxter, TN	1,540	87	13.3%
Woodbury, TN	2,841	89	11.3%
Liberty, TN	348	89	10.6%
Smithville, TN	4,781	87	12.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Fussels Corner, FL	4,780	79	20.5%
Gates, NY	4,782	98	2.2%
Palos Park, IL	4,779	130	30.0%
Central Frontenac, ON	4,783	n/a
Richwood, LA	4,778	76	24.4%
Smithville, TN	4,781	87	12.8%

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 Smithville, TN