Erwin, TN Cost Of Living
Cost Of Living In Erwin, TN Summary
Cost of living in Erwin research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Erwin is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Tennessee, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Erwin is 83, with 100 being the average.
The cost of living index in Erwin is 0.8x lower than the national average.
Erwin ranks as the #31 cheapest in Tennessee out of 105.
Erwin ranks as the #491 cheapest out of 6,412 in the US.
The median home value in Erwin is $127,500.
The median income in Erwin is $37,984.
Table Of Contents
Erwin's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Erwin, TN?
According to the most recent data on the cost of living, Erwin has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to Tennessee, Erwin has a cost of living index that's 0.9x lower than Tennessee's index of 90.
The standard of living in Erwin ranks as #31 most affordable out of the 105 places we measured in Tennessee. By definition, that implies Erwin ranks as the #74 most expensive place in the Volunteer State.
For more reading on life in Erwin, check out:
- Living In Erwin
- Erwin Crime Report
- Search Homes For Sale In Erwin, TN
In Tennessee
In America
Erwin Cost Of Living Vs. Tennessee
Six factors go into calculating the cost of living index in Erwin. Here is how it fairs on each of the criteria:
The Services index in Erwin is 104.
The Groceries index in Erwin is 95.
The Health index in Erwin is 87.
The Housing index in Erwin is 54.
The Transportation index in Erwin is 84.
The Utilities index in Erwin is 90.
| Living Expense | Erwin | Tennessee | National Average | |
|---|---|---|---|---|
| Overall | 83 | 90 | 100 | |
| Services | 104 | 93 | 100 | |
| Groceries | 95 | 96 | 100 | |
| Health | 87 | 88 | 100 | |
| Housing | 54 | 82 | 100 | |
| Transportation | 84 | 90 | 100 | |
| Utilities | 90 | 93 | 100 | |
Erwin, TN Housing Cost Breakdown
Housing swings affordability the most between places in Tennessee, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Erwin is $127,500.
The Median Rent in Erwin is $573.
The Median Income in Erwin is $37,984.
The Home Value To Income in Erwin is 3.4x.
The Rent To Monthly Income in Erwin is 0.18x.
| Statistic | Erwin | Tennessee | United States |
|---|---|---|---|
| Median Home Value | $127,500 | $193,700 | $244,900 |
| Median Rent | $573 | $951 | $1,163 |
| Median Income | $37,984 | $58,516 | $69,021 |
| Home Value To Income | 3.4x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Erwin, TN Costs By Category
Detailed Erwin Services Costs Vs. Tennessee
Detailed Erwin Groceries Costs Vs. Tennessee
Detailed Erwin Health Costs Vs. Tennessee
Detailed Erwin Transportation Costs Vs. Tennessee
Detailed Erwin Utilities Costs Vs. Tennessee
Erwin SnackAbility
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Cost Of Living In Cities Around Erwin
The cost of living varies in the cities and towns around Erwin. Here's a quick look at the cost of living in the most populous nearby places:
Asheville, NC has a cost of living index of 106, 1.3x Erwin.
Morristown, TN has a cost of living index of 85, 1.0x Erwin.
Boone, NC has a cost of living index of 104, 1.3x Erwin.
| City | Population | Cost Of Living | Vs. Erwin |
|---|---|---|---|
| Asheville, NC | 93,272 | 106 | 1.3x |
| Morristown, TN | 30,387 | 85 | 1.0x |
| Boone, NC | 18,055 | 104 | 1.3x |
| Elizabethton, TN | 14,112 | 87 | 1.0x |
| Bloomingdale, TN | 8,759 | 81 | 1.0x |
| Black Mountain, NC | 8,386 | 101 | 1.2x |
| Fletcher, NC | 7,935 | 104 | 1.3x |
| Woodfin, NC | 7,771 | 95 | 1.1x |
| Church Hill, TN | 6,973 | 86 | 1.0x |
| Jonesborough, TN | 5,747 | 94 | 1.1x |
