Cost of Living in Colonial Heights, TN

A+
10%
Overall NAT. AVG.
7%
Goods & Services NAT. AVG.
15%
Housing NAT. AVG.
Search Homes for Sale
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 Colonial Heights Tennessee National
Cost of living9089100
Goods & Services9394100
Groceries9598100
Health care8888100
Housing8580100
Transportation8289100
Utilities9993100
New Real Estate Listings in Colonial Heights Area
Search
Search Homes for Sale in Colonial Heights, TN
See How Much House You Can Afford. Get Pre-Approved Today

Cost Of Living Quick Facts

  • The cost of living in Colonial Heights is 1% higher than the Tennessee average
  • The cost of living in Colonial Heights is 10% lower than the national average
  • Colonial Heights housing is 15% 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 Colonial Heights

See all the best places to live around Colonial Heights

Compare Colonial Heights, TN Cost of Living

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

      The best places in Tennessee

      Here are the best places to live in TennesseeSafest States In The USMost Dangerous Cities In The USCheck out the 10 most dangerous cities in Tennessee

      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$72,206$6,017$1,685$2,166
      Renters$0$0$0$0
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Colonial Heights, 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 Colonial Heights homeowners, is $72,206. This would allow for a maximum of $1,685 per month to be spent on housing costs. For renters, the median monthly income is $0 which would result in a maximum of $0 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 Colonial Heights National avg. Difference
      Haircut $23.91$24.261.4%
      Beauty Salon $45.13$45.560.9%
      Toothpaste $3.58$3.703.4%
      Shampoo $1.19$1.287.3%
      Movie $14.09$12.1316.1%
      Bowling $19.33$18.007.4%

      Groceries

      Item Colonial Heights National avg. Difference
      Ground Beef $6.20$5.846.1%
      Fried Chicken $1.66$1.575.3%
      Milk $4.67$4.670.0%
      Potatoes $5.02$4.931.7%
      Pizza $11.91$12.091.5%
      Beer $9.97$10.414.2%

      Health Care

      Item Colonial Heights National avg. Difference
      Optometrist $87.33$125.6830.5%
      Doctor $108.51$135.7820.1%
      Dentist $96.95$113.2914.4%
      Ibuprofen $10.49$10.651.5%
      Lipitor $471.32$468.600.6%

      Housing

      Item Colonial Heights National avg. Difference
      Home Price $147,200.00$184,700.0020.3%
      Avg. Mortgage Payment $1,808.85$2,346.6922.9%
      Apartment Rent $912.00$949.003.9%

      Transportation

      Item Colonial Heights National avg. Difference
      Gasoline $3.08$3.4610.9%
      Tire Balancing $51.47$59.9214.1%

      Utilities

      Item Colonial Heights National avg. Difference
      All Electricity $161.17$193.9916.9%
      Phone $192.18$192.250.0%
      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.
      Clinchport, VA48927.5%
      Weber City, VA1,5808317.2%
      Fall Branch, TN1,1808317.0%
      Bloomingdale, TN9,4288316.5%
      Bluff City, TN2,0938416.0%
      Colonial Heights, TN2,889909.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Butler, IN2,8898515.3%
      Peguis 1B, MB2,889n/a 
      Acres Green, CO2,88813636.2%
      Fowlerville, MI2,888964.3%
      Gladwin, MI2,8888118.8%
      Colonial Heights, TN2,889909.9%
      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. 2010-2024