Chattanooga, fondly known as the ‘Scenic City’, is nestled in the Southeastern part of Tennessee, along the Tennessee River. The cost of living in Chattanooga is relatively affordable, particularly when compared to larger cities.
Housing
The largest factor in the cost of living is housing, and in Chattanooga, it remains quite reasonable. The median home price in Chattanooga is significantly lower than the national average, making homeownership an achievable goal for many. Rental prices also tend to be lower than the national average, which is advantageous for students, young professionals, or those preferring to rent.
Utilities and Transportation
Utilities in Chattanooga generally align with the national average, with some fluctuations depending on the season and individual usage. As for transportation, Chattanooga offers a variety of cost-effective options. The city boasts an efficient public transportation system with CARTA buses, a free electric shuttle, and bike sharing, making commuting less expensive. Gas prices also tend to hover around the national average, making car ownership more affordable.
Groceries and Healthcare
Grocery costs in Chattanooga are slightly below the national average, a boon for families and individuals who enjoy cooking at home. Healthcare is another significant consideration, and in Chattanooga, the costs tend to be on par or slightly below the national average, depending on the specific services required.
Taxes
Tennessee as a whole is relatively tax-friendly, with no state income tax on wages and salaries. The sales tax in Chattanooga is higher than the national average, which might slightly elevate the cost of certain purchases.
Lifestyle
Chattanooga is rich in outdoor activities, many of which are free or low-cost, like hiking, rock climbing, and exploring the stunning parks. The city also has a burgeoning arts scene, with numerous free or low-cost community events throughout the year. Dining out and entertainment options are plentiful and cater to a variety of budgets.
Here’s a summary of the cost of living in Chattanooga, Tennessee according to livingcost.org:
- Housing costs: The median home value in Chattanooga is $161,800, well below the national average of $231,200. Rent for a 1-bedroom apartment in the city center averages $900 per month, and $750 per month outside of the city center.
- Transportation: The average cost of gas in Chattanooga is $2.38 per gallon. A monthly transit pass costs $45. Taxi fares start at $2.50 per mile.
- Utilities: The basic utility package for a 900 sq ft apartment in Chattanooga costs around $180 per month. Water and trash services average $50 per month. Internet service starts at around $50 per month.
- Food: A mid-range meal for two at an average restaurant costs around $30-50. A basic food basket of essential items costs $265 per month.
- Entertainment: Movie tickets average $10. A ticket to a show or play starts around $45-60. A membership fee at a fitness club averages $40 per month.
- Healthcare: Health insurance premiums in Tennessee average $380 per month. A dental check-up and cleaning costs around $165. Chattanooga has many good hospital facilities with various specializations.
- Taxes: Sales tax in Chattanooga is 8.25%. There is no state income tax in Tennessee. The average federal tax rate is around 15%.
- Cost of Living Index: Chattanooga has an average cost of living that is 11% lower than the U.S. national average. Housing costs are 39% lower, but transportation costs are only 5% lower. Healthcare and food costs are slightly above average.
In conclusion, Chattanooga offers a high quality of life at a relatively affordable cost. While there are some expenses to consider, particularly regarding sales tax and certain utilities, the lower costs in housing, groceries, and healthcare balance the scales. It’s a city that offers much of what larger, more expensive cities provide, but with a smaller price tag and a distinctive charm.
Rent, Food, Utilities…
- Rent: The average rent for a one-bedroom apartment in Chattanooga is $850 per month.
- Utilities: The average monthly utility bill for a one-bedroom apartment in Chattanooga is $100.
- Food: The average monthly cost of food for a single person in Chattanooga is $250.
- Transportation: The average monthly cost of transportation for a single person in Chattanooga is $100.
- Healthcare: The average monthly cost of healthcare for a single person in Chattanooga is $150.
- Other expenses: The average monthly cost of other expenses, such as clothing, entertainment, and personal care, for a single person in Chattanooga is $200.
Overall, the cost of living in Chattanooga is slightly lower than the national average. The city offers a variety of amenities and activities, making it a great place to live, work, and raise a family.
Here is a table of the average cost of living in Chattanooga compared to the national average:
| Category | Chattanooga | National Average |
|---|---|---|
| Rent | $850 | $1,000 |
| Utilities | $100 | $120 |
| Food | $250 | $300 |
| Transportation | $100 | $120 |
| Healthcare | $150 | $200 |
| Other expenses | $200 | $250 |
As you can see, the cost of living in Chattanooga is slightly lower than the national average in all categories except for healthcare. However, the cost of healthcare in Chattanooga is still lower than in many other cities across the country.
In summary, the total cost of living in Chattanooga is quite affordable compared to most cities in the U.S. due to significantly lower than average housing costs and living expenses. The city provides good quality of life, outdoor activities, and amenities at a lower cost.