Humboldt, TN Cost Of Living
Cost Of Living In Humboldt, TN Summary
Cost of living in Humboldt 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 Humboldt 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 Humboldt is 78, with 100 being the average.
The cost of living index in Humboldt is 0.8x lower than the national average.
Humboldt ranks as the #5 cheapest in Tennessee out of 105.
Humboldt ranks as the #113 cheapest out of 6,412 in the US.
The median home value in Humboldt is $93,200.
The median income in Humboldt is $35,848.
Table Of Contents
Humboldt's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Humboldt, TN?
According to the most recent data on the cost of living, Humboldt has an overall cost of living index of 78, which is 0.8x lower than the national index of 100.
Compared to Tennessee, Humboldt has a cost of living index that's 0.9x lower than Tennessee's index of 90.
The standard of living in Humboldt ranks as #5 most affordable out of the 105 places we measured in Tennessee. By definition, that implies Humboldt ranks as the #100 most expensive place in the Volunteer State.
For more reading on life in Humboldt, check out:
- Living In Humboldt
- Humboldt Crime Report
- Search Homes For Sale In Humboldt, TN
In Tennessee
In America
Humboldt Cost Of Living Vs. Tennessee
Six factors go into calculating the cost of living index in Humboldt. Here is how it fairs on each of the criteria:
The Services index in Humboldt is 92.
The Groceries index in Humboldt is 86.
The Health index in Humboldt is 83.
The Housing index in Humboldt is 49.
The Transportation index in Humboldt is 91.
The Utilities index in Humboldt is 97.
| Living Expense | Humboldt | Tennessee | National Average | |
|---|---|---|---|---|
| Overall | 78 | 90 | 100 | |
| Services | 92 | 93 | 100 | |
| Groceries | 86 | 96 | 100 | |
| Health | 83 | 88 | 100 | |
| Housing | 49 | 82 | 100 | |
| Transportation | 91 | 90 | 100 | |
| Utilities | 97 | 93 | 100 | |
Humboldt, 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 Humboldt is $93,200.
The Median Rent in Humboldt is $656.
The Median Income in Humboldt is $35,848.
The Home Value To Income in Humboldt is 2.6x.
The Rent To Monthly Income in Humboldt is 0.22x.
| Statistic | Humboldt | Tennessee | United States |
|---|---|---|---|
| Median Home Value | $93,200 | $193,700 | $244,900 |
| Median Rent | $656 | $951 | $1,163 |
| Median Income | $35,848 | $58,516 | $69,021 |
| Home Value To Income | 2.6x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Humboldt, TN Costs By Category
Detailed Humboldt Services Costs Vs. Tennessee
Detailed Humboldt Groceries Costs Vs. Tennessee
Detailed Humboldt Health Costs Vs. Tennessee
Detailed Humboldt Transportation Costs Vs. Tennessee
Detailed Humboldt Utilities Costs Vs. Tennessee
Humboldt SnackAbility
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Cost Of Living In Cities Around Humboldt
The cost of living varies in the cities and towns around Humboldt. Here's a quick look at the cost of living in the most populous nearby places:
Jackson, TN has a cost of living index of 86, 1.1x Humboldt.
Martin, TN has a cost of living index of 81, 1.0x Humboldt.
Paris, TN has a cost of living index of 81, 1.0x Humboldt.
| City | Population | Cost Of Living | Vs. Humboldt |
|---|---|---|---|
| Jackson, TN | 67,753 | 86 | 1.1x |
| Martin, TN | 10,536 | 81 | 1.0x |
| Paris, TN | 10,332 | 81 | 1.0x |
| Milan, TN | 8,143 | 82 | 1.1x |
| Lexington, TN | 7,849 | 79 | 1.0x |
| Henderson, TN | 6,232 | 82 | 1.1x |
| Caruthersville, MO | 5,606 | 78 | 1.0x |
| McKenzie, TN | 5,590 | 78 | 1.0x |
| Bolivar, TN | 5,177 | 80 | 1.0x |
