Cost of Living in Brentwood, Tennessee

Cost of living is the amount of money a person has to spend to maintain a certain quality of life in a given location. Families who are looking to move into a new home will want to consider the expenses with their potential income in the area. Although not the only factor to consider, the cost of living is an excellent indicator of what your financial future would be when moving into a new region.

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Cost of Living Index 2019

Index Brentwood Tennessee USA Goods & Services 104 97 100 Groceries 97 93 100 Healthcare 82 89 100 Housing 271 80 100 Transportation 100 90 100 Utilities 90 95 100 Total 151 90 100

The table showcases the average score of the cost of living indicators in the city of Brentwood and the state of Tennessee compared to the national average. The standard score of 100 is the median amount one would expect in the country and can be higher or lower depending on several factors in the area. Brentwood, for example, is a relatively more expensive city in the region but most of this comes from the high cost of real estate in the district.

Housing

Brentwood has a lot of luxury residential developments, luxury communities, and acreage homesites that bumps up the average price of homes. Families planning to move into one of the houses in the area will have to consider that properties in Brentwood tend to cost higher compared to other communities in the state.

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Utilities

Utility bills in Brentwood are around 10% cheaper compared to the national average and are about 5% lower than typical household costs in the state. The average monthly bill in the city is $156.45 with phone bills costing about $24.50 per month.

Food and Groceries

Food and groceries in Brentwood are typically the same as the national average. Several food items tend to price well with some prices being cheaper or more expensive than others.

Transportation

Gas stations in the city typically charge an average of $2.11 per gallon which is $5.9% lower than the national rate of $2.24 while prices for car services and parts vary but are generally similar to the standard costs in the country.

Healthcare

Healthcare cost in Brentwood is a good amount lower than the national average. The standard cost of a doctor's visit to a clinic is around $83.40 compared to the typical charge of $108.36. Other healthcare professional costs include $77.07 for an optometrist and $71.60 for a dentist which is usually between $102.16 and $92.53.

Taxes

Tennessee has no state income tax, however, it does have a 6% tax on dividend and interest income. Sales tax in the region range from 8.5% to 9.75% and depends on the county which you are buying from.

Check out our original blog post at https://www.brentwoodtnhome.com/

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