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Cost of Living in Smyrna, TN

Population 56,692 · Census ACS 2020–2024 5-year estimates

Median rent$1,461
Median home value$358,300
Median household income$81,926

The median rent in Smyrna, TN is $1,461/month, 23% higher than the Tennessee median and 3% higher than the U.S. median. The median home value is $358,300, 8% higher than the national median. Households earn a median of $81,926 a year, 18% higher than the state median.

Affordability

Rent as a share of median income: 21.4%
Income needed for median rent (30% rule): $58,440/yr
Home price-to-income ratio: 4.4×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,812/mo

Run your own numbers: mortgage calculator · hourly to salary

Smyrna vs. Tennessee vs. U.S.

SmyrnaTennesseeU.S.
Median rent$1,461$1,189$1,413
Median home value$358,300$286,700$332,700
Median household income$81,926$69,595$80,734
Homeownership rate57.4%66.9%65.2%
Bachelor's degree or higher27.8%31.1%35.7%
Poverty rate12.5%13.8%12.5%
Unemployment rate5.0%4.7%5.2%
Work from home13.0%12.9%15.1%
Median age34.138.938.9

FAQ

What is the average rent in Smyrna, TN?

The median gross rent in Smyrna, TN is $1,461 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Smyrna, TN?

Using the common 30% rule, renting a median-priced home takes about $58,440 a year in gross income.

Is Smyrna, TN expensive to live in?

Rent there is 3% higher than the U.S. median, and the median home costs about 4.4 times the median household income.

Other cities in Tennessee

Nashville-Davidson metropolitan government, TNRent $1,586 · Income $77,371Memphis, TNRent $1,181 · Income $51,736Knoxville, TNRent $1,191 · Income $54,039Chattanooga, TNRent $1,256 · Income $64,523Clarksville, TNRent $1,307 · Income $69,303Murfreesboro, TNRent $1,481 · Income $80,108

Cities with a similar cost of living

Post Falls, IDRent $1,469 · Income $82,183Lakeside, FLRent $1,479 · Income $81,684Visalia, CARent $1,490 · Income $81,989Bakersfield, CARent $1,472 · Income $80,540Mauldin, SCRent $1,490 · Income $82,331Hilo, HIRent $1,427 · Income $81,779

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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