Signal Mountain, TN Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
115
Signal Mountain's Overall Cost Of Living
1.1x
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:

100 out of 105
In Tennessee
4,492 out of 6,412
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
For more reading on cost of living around Tennessee, check out:
Signal Mountain Cost of Living Vs. TN

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
Search Homes For Sale In Signal Mountain, TN
$360,000
Median Home Value
$1,386
Median Rent
$114,464
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
/10
Overall SnackAbility
Jobs
9/10
Housing
9
Affordability
7
Diversity
3
Safety
9
Amenities
8
Education
10
Commute
6

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

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