Cost Of Living in Troy, 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	Troy	Tennessee	National
Cost of living	81	89	100
Goods & Services	94	94	100
Groceries	97	98	100
Health care	87	88	100
Housing	55	80	100
Transportation	89	89	100
Utilities	86	93	100

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Cost Of Living Quick Facts

The cost of living in Troy is 9% lower than the Tennessee average
The cost of living in Troy is 19% lower than the national average
Troy housing is 45% 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	$51,932	$4,328	$1,212	$1,558
Renters	$27,411	$2,284	$640	$822

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	Troy	National avg.	Difference
Haircut	$24.01	$24.26	1.0%
Beauty Salon	$33.55	$45.56	26.4%
Toothpaste	$3.74	$3.70	1.1%
Shampoo	$1.08	$1.28	15.9%
Movie	$11.93	$12.13	1.7%
Bowling	$12.50	$18.00	30.6%

Groceries

Item	Troy	National avg.	Difference
Ground Beef	$5.94	$5.84	1.7%
Fried Chicken	$1.67	$1.57	6.2%
Milk	$4.54	$4.67	2.8%
Potatoes	$5.03	$4.93	1.9%
Pizza	$12.00	$12.09	0.7%
Beer	$9.74	$10.41	6.5%

Health Care

Item	Troy	National avg.	Difference
Optometrist	$127.08	$125.68	1.1%
Doctor	$138.39	$135.78	1.9%
Dentist	$86.67	$113.29	23.5%
Ibuprofen	$10.10	$10.65	5.2%
Lipitor	$338.33	$468.60	27.8%

Housing

Item	Troy	National avg.	Difference
Home Price	$90,000.00	$184,700.00	51.3%
Avg. Mortgage Payment	$1,691.70	$2,346.69	27.9%
Apartment Rent	$670.00	$949.00	29.4%

Transportation

Item	Troy	National avg.	Difference
Gasoline	$3.15	$3.46	9.0%
Tire Balancing	$50.50	$59.92	15.7%

Utilities

Item	Troy	National avg.	Difference
All Electricity	$148.29	$193.99	23.6%
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.
Cayce, KY	142	92	8.0%
Trimble, TN	782	77	22.6%
Hornbeak, TN	522	78	21.7%
Kenton, TN	1,438	78	21.6%
Rutherford, TN	1,076	78	21.5%
Troy, TN	1,828	81	19.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Gilbert, MN	1,828	89	11.3%
Lewiston, MN	1,828	96	3.5%
Baird, TX	1,828	80	20.4%
Frontenac, QC	1,828	n/a
Prairie City, IA	1,827	90	10.4%
Troy, TN	1,828	81	19.0%

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 Troy, TN