Cost Of Living in Spurgeon, 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	Spurgeon	Tennessee	National
Cost of living	91	89	100
Goods & Services	93	94	100
Groceries	95	98	100
Health care	88	88	100
Housing	86	80	100
Transportation	82	89	100
Utilities	99	93	100

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Cost Of Living Quick Facts

The cost of living in Spurgeon is 1% higher than the Tennessee average
The cost of living in Spurgeon is 9% lower than the national average
Spurgeon housing is 14% 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	$68,284	$5,690	$1,593	$2,049
Renters	$29,192	$2,433	$681	$876

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Spurgeon, 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 Spurgeon homeowners, is $68,284. This would allow for a maximum of $1,593 per month to be spent on housing costs. For renters, the median monthly income is $29,192 which would result in a maximum of $681 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	Spurgeon	National avg.	Difference
Haircut	$23.91	$24.26	1.4%
Beauty Salon	$45.13	$45.56	0.9%
Toothpaste	$3.58	$3.70	3.4%
Shampoo	$1.19	$1.28	7.3%
Movie	$14.09	$12.13	16.1%
Bowling	$19.33	$18.00	7.4%

Groceries

Item	Spurgeon	National avg.	Difference
Ground Beef	$6.20	$5.84	6.1%
Fried Chicken	$1.66	$1.57	5.3%
Milk	$4.67	$4.67	0.0%
Potatoes	$5.02	$4.93	1.7%
Pizza	$11.91	$12.09	1.5%
Beer	$9.97	$10.41	4.2%

Health Care

Item	Spurgeon	National avg.	Difference
Optometrist	$87.33	$125.68	30.5%
Doctor	$108.51	$135.78	20.1%
Dentist	$96.95	$113.29	14.4%
Ibuprofen	$10.49	$10.65	1.5%
Lipitor	$471.32	$468.60	0.6%

Housing

Item	Spurgeon	National avg.	Difference
Home Price	$154,300.00	$184,700.00	16.5%
Avg. Mortgage Payment	$1,808.85	$2,346.69	22.9%
Apartment Rent	$875.00	$949.00	7.8%

Transportation

Item	Spurgeon	National avg.	Difference
Gasoline	$3.08	$3.46	10.9%
Tire Balancing	$51.47	$59.92	14.1%

Utilities

Item	Spurgeon	National avg.	Difference
All Electricity	$161.17	$193.99	16.9%
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.
Telford, TN	990	78	21.6%
Weber City, VA	1,580	83	17.2%
Fall Branch, TN	1,180	83	17.0%
Bloomingdale, TN	9,428	83	16.5%
Bluff City, TN	2,093	84	16.0%
Spurgeon, TN	4,426	91	9.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Fruit Hill, OH	4,426	101	1.4%
Indian Mountain Lake, PA	4,427	102	1.6%
Perryville, MD	4,424	109	8.9%
North Okanagan C, BC	4,428	n/a
Windom, MN	4,423	88	12.3%
Spurgeon, TN	4,426	91	9.4%

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 Spurgeon, TN