Signal Mountain, TN Cost Of Living
Cost Of Living In Signal Mountain, TN Summary
Cost of living in Signal Mountain 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 Signal Mountain 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 Signal Mountain is 115, with 100 being the average.
The cost of living index in Signal Mountain is 1.1x higher than the national average.
Signal Mountain ranks as the #100 cheapest in Tennessee out of 105.
Signal Mountain ranks as the #4,492 cheapest out of 6,412 in the US.
The median home value in Signal Mountain is $360,000.
The median income in Signal Mountain is $114,464.
Table Of Contents
Signal Mountain's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Signal Mountain, TN?
According to the most recent data on the cost of living, Signal Mountain has an overall cost of living index of 115, which is 1.1x higher than the national index of 100.
Compared to Tennessee, Signal Mountain has a cost of living index that's 1.3x higher than Tennessee's index of 90.
The standard of living in Signal Mountain ranks as #100 most affordable out of the 105 places we measured in Tennessee. By definition, that implies Signal Mountain ranks as the #5 most expensive place in the Volunteer State.
For more reading on life in Signal Mountain, check out:
- Living In Signal Mountain
- Signal Mountain Crime Report
- Search Homes For Sale In Signal Mountain, TN
In Tennessee
In America
Signal Mountain Cost Of Living Vs. Tennessee
Six factors go into calculating the cost of living index in Signal Mountain. Here is how it fairs on each of the criteria:
The Services index in Signal Mountain is 95.
The Groceries index in Signal Mountain is 102.
The Health index in Signal Mountain is 94.
The Housing index in Signal Mountain is 171.
The Transportation index in Signal Mountain is 90.
The Utilities index in Signal Mountain is 93.
| Living Expense | Signal Mountain | Tennessee | National Average | |
|---|---|---|---|---|
| Overall | 115 | 90 | 100 | |
| Services | 95 | 93 | 100 | |
| Groceries | 102 | 96 | 100 | |
| Health | 94 | 88 | 100 | |
| Housing | 171 | 82 | 100 | |
| Transportation | 90 | 90 | 100 | |
| Utilities | 93 | 93 | 100 | |
Signal Mountain, 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 Signal Mountain is $360,000.
The Median Rent in Signal Mountain is $1,386.
The Median Income in Signal Mountain is $114,464.
The Home Value To Income in Signal Mountain is 3.1x.
The Rent To Monthly Income in Signal Mountain is 0.15x.
| Statistic | Signal Mountain | Tennessee | United States |
|---|---|---|---|
| Median Home Value | $360,000 | $193,700 | $244,900 |
| Median Rent | $1,386 | $951 | $1,163 |
| Median Income | $114,464 | $58,516 | $69,021 |
| Home Value To Income | 3.1x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.15x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Signal Mountain, TN Costs By Category
Detailed Signal Mountain Services Costs Vs. Tennessee
| Item | Signal Mountain | Tennessee |
|---|---|---|
| Shampoo | $0.9 | $1.06 |
| Movie | $12.32 | $10.68 |
| Bowling | $15.0 | $14.67 |
| Haircut | $14.67 | $18.62 |
| Beauty Salon | $43.33 | $39.05 |
Detailed Signal Mountain Groceries Costs Vs. Tennessee
| Item | Signal Mountain | Tennessee |
|---|---|---|
| Ground Beef | $4.62 | $4.22 |
| Fried Chicken | $1.22 | $1.39 |
| Milk | $2.15 | $2.05 |
| Potatoes | $4.94 | $3.29 |
| Pizza | $9.99 | $10.62 |
| Beer | $9.97 | $9.38 |
| Toothpaste | $1.91 | $2.34 |
Detailed Signal Mountain Health Costs Vs. Tennessee
| Item | Signal Mountain | Tennessee |
|---|---|---|
| Optometrist | $93.33 | $108.57 |
| Doctor | $118.67 | $116.17 |
| Dentist | $89.33 | $99.13 |
Detailed Signal Mountain Transportation Costs Vs. Tennessee
| Item | Signal Mountain | Tennessee |
|---|---|---|
| Gasoline | $1.94 | $2.22 |
| Tire Balancing | $46.47 | $50.07 |
Detailed Signal Mountain Utilities Costs Vs. Tennessee
| Item | Signal Mountain | Tennessee |
|---|---|---|
| All Electricity | $141.03 | $167.67 |
| Phone | $184.96 | $175.64 |
Signal Mountain SnackAbility
/10
Cost Of Living In Cities Around Signal Mountain
The cost of living varies in the cities and towns around Signal Mountain. Here's a quick look at the cost of living in the most populous nearby places:
Chattanooga, TN has a cost of living index of 91, 0.8x Signal Mountain.
East Ridge, TN has a cost of living index of 88, 0.8x Signal Mountain.
Soddy-Daisy, TN has a cost of living index of 85, 0.7x Signal Mountain.
| City | Population | Cost Of Living | Vs. Signal Mountain |
|---|---|---|---|
| Chattanooga, TN | 180,353 | 91 | 0.8x |
| East Ridge, TN | 21,967 | 88 | 0.8x |
| Soddy-Daisy, TN | 13,090 | 85 | 0.7x |
| Red Bank, TN | 11,855 | 88 | 0.8x |
| Middle Valley, TN | 11,569 | 93 | 0.8x |
| Collegedale, TN | 10,973 | 94 | 0.8x |
| Fort Oglethorpe, GA | 10,196 | 85 | 0.7x |
| Harrison, TN | 8,383 | 91 | 0.8x |
| Fairview, GA | 5,752 | 80 | 0.7x |
