Cost of Living in Winchester, TN

Get crime, demographics and other data for any address in Winchester, TN
A+
8%
Overall NAT. AVG.
1%
Goods & Services NAT. AVG.
22%
Housing NAT. AVG.
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 Winchester Tennessee National
Cost of living9289100
Goods & Services9994100
Groceries9998100
Health care9388100
Housing7880100
Transportation9489100
Utilities9893100
See How Much House You Can Afford. Get Pre-Approved Today

Cost Of Living Quick Facts

  • The cost of living in Winchester is 3% higher than the Tennessee average
  • The cost of living in Winchester is 8% lower than the national average
  • Winchester housing is 22% 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

Most Affordable Places to Live in and Around Winchester

See all the best places to live around Winchester

Compare Winchester, TN Cost of Living

      vs
      How would you rate the cost of living in Winchester?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Winchester?
      Write a review to give others more information about this area.
      See all Winchester poll results

      The best places in Tennessee

      Here are the best places to live in TennesseeSafest Cities In The USSafest States In The USMost Dangerous Cities In The US

      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$60,551$5,046$1,413$1,817
          Renters$29,021$2,418$677$871
          To approximate the cost of living and the housing affordability in Winchester, 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 Winchester have a median income of $60,551. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,413 per month to avoid calamity and poverty. The renters in the city have an income of about $29,021, which would make their monthly maximum allowable rental costs $677.

          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 Winchester National avg. Difference
          Haircut $24.45$24.260.8%
          Beauty Salon $52.50$45.5615.2%
          Toothpaste $3.85$3.704.1%
          Shampoo $1.24$1.283.4%
          Movie $12.52$12.133.2%
          Bowling $22.78$18.0026.5%

          Groceries

          Item Winchester National avg. Difference
          Ground Beef $6.04$5.843.5%
          Fried Chicken $1.42$1.579.7%
          Milk $4.55$4.672.6%
          Potatoes $5.33$4.937.9%
          Pizza $12.16$12.090.6%
          Beer $10.23$10.411.7%

          Health Care

          Item Winchester National avg. Difference
          Optometrist $104.06$125.6817.2%
          Doctor $130.44$135.783.9%
          Dentist $113.33$113.290.0%
          Ibuprofen $10.52$10.651.2%
          Lipitor $367.22$468.6021.6%

          Housing

          Item Winchester National avg. Difference
          Home Price $150,400.00$184,700.0018.6%
          Avg. Mortgage Payment $1,800.86$2,346.6923.3%
          Apartment Rent $678.00$949.0028.6%

          Transportation

          Item Winchester National avg. Difference
          Gasoline $3.16$3.468.7%
          Tire Balancing $61.19$59.922.1%

          Utilities

          Item Winchester National avg. Difference
          All Electricity $191.34$193.991.4%
          Phone $188.01$192.252.2%
          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.
          Pelham, TN334928.3%
          Cowan, TN1,4777921.0%
          Huntland, TN1,0598614.2%
          Decherd, TN2,8628614.0%
          Hillsboro, TN3388515.5%
          Winchester, TN8,818927.8%

          Cities with similar population

          City Population Cost of Living Index National Avg.
          Fort Valley, GA8,8178217.6%
          Cypress County, AB8,817n/a 
          Oak Grove, MN8,81911514.8%
          Miramar Beach, FL8,81512827.8%
          Scott, LA8,8158910.7%
          Winchester, TN8,818927.8%
          Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
          General
          For Professionals
          Follow Us
          AV on Twitter AV on Facebook
          © AreaVibes Inc. 2010-2025