Cost of Living in Chattanooga, TN
Chattanooga has a cost of living index of 88 (100 = national average), making it more affordable than the national average. The median household income is $45,958 and the median home price is $270,000.
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Chattanooga at a Glance
Population
184,875
Cost of Living Index
88
Median Income
$45,958
Median Home Price
$270,000
Property Tax Rate
0.73%
Sales Tax Rate
9.25%
Rent Index
78
State
Tennessee
Living in Chattanooga
Chattanooga offers a cost of living below the national average, making it an attractive option for those looking to stretch their dollar further. The median home price of $270,000 is well within reach for many families.
The combined sales tax rate in Chattanooga is 9.25%, and the effective property tax rate is 0.73%. Property taxes are relatively low compared to the national average.