A+
18%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
41%
Housing NAT. AVG.
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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 Union City Tennessee National
Cost of living8289100
Goods & Services9494100
Groceries9798100
Health care8788100
Housing5980100
Transportation8989100
Utilities8693100

An Overview of Cost of Living in Union City, TN

Understanding the cost of living in Union City can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Union City cost of living index is 82, which is 18% lower than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

Housing expenses often consume a significant portion of your net income, occasionally surpassing 30%. Fortunately, housing costs in Union City are 40.6% below the national average. This highlights the region's exceptional affordability for both homeownership and rentals in comparison to the rest of the country. This favorable housing situation allows residents to allocate a more reasonable fraction of their income to housing, resulting in enhanced financial flexibility and improved overall financial well-being.

Is Union City Affordable?

Is Union City affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Union City, the median home price is 42% lower than the national average and monthly rent prices are 37.5% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Union City boasting a median household income of $31,123, 43.7% lower than the national average.

What Factors can Influence the Cost of Living in Union City?

Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.

Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Union City, the utilities index registers 14.4% lower than the national average.

Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In Union City, the housing index comes in at 40.6% lower than the national average.

Where is the Data From?

The Union City cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Union City is 8% lower than the Tennessee average
  • The cost of living in Union City is 18% lower than the national average
  • Union City housing is 41% 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 Union City

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Compare Union City, TN Cost of Living

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      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$47,808$3,984$1,115$1,434
      Renters$21,783$1,815$508$654
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Union City, 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 Union City homeowners, is $47,808. This would allow for a maximum of $1,115 per month to be spent on housing costs. For renters, the median monthly income is $21,783 which would result in a maximum of $508 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 Union City National avg. Difference
      Haircut $24.01$24.261.0%
      Beauty Salon $33.55$45.5626.4%
      Toothpaste $3.74$3.701.1%
      Shampoo $1.08$1.2815.9%
      Movie $11.93$12.131.7%
      Bowling $12.50$18.0030.6%

      Groceries

      Item Union City National avg. Difference
      Ground Beef $5.94$5.841.7%
      Fried Chicken $1.67$1.576.2%
      Milk $4.54$4.672.8%
      Potatoes $5.03$4.931.9%
      Pizza $12.00$12.090.7%
      Beer $9.74$10.416.5%

      Health Care

      Item Union City National avg. Difference
      Optometrist $127.08$125.681.1%
      Doctor $138.39$135.781.9%
      Dentist $86.67$113.2923.5%
      Ibuprofen $10.10$10.655.2%
      Lipitor $338.33$468.6027.8%

      Housing

      Item Union City National avg. Difference
      Home Price $107,200.00$184,700.0042.0%
      Avg. Mortgage Payment $1,691.70$2,346.6927.9%
      Apartment Rent $593.00$949.0037.5%

      Transportation

      Item Union City National avg. Difference
      Gasoline $3.15$3.469.0%
      Tire Balancing $50.50$59.9215.7%

      Utilities

      Item Union City National avg. Difference
      All Electricity $148.29$193.9923.6%
      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.
      Cayce, KY142928.0%
      Fulton, KY2,4057525.0%
      Hickman, KY2,0057524.9%
      South Fulton, TN2,1207822.3%
      Hornbeak, TN5227821.7%
      Union City, TN10,4268217.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Silverton, OR10,42612222.5%
      Newcastle, OK10,425973.3%
      Del Aire, CA10,42418382.8%
      Sugarmill Woods, FL10,424990.9%
      Little Canada, MN10,4231055.1%
      Union City, TN10,4268217.8%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.