McMinnville, TN vs Smithville, TN

McMinnville, TN and Smithville, TN have a very similar cost of living, with only a 2.8% difference in their overall index. McMinnville scores 69 while Smithville scores 67 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in McMinnville is $756/month compared to $676/month in Smithville — a 12% difference. Interestingly, home values tell a different story: while Smithville has cheaper rent, McMinnville actually has lower median home values ($147,200 vs $153,500).

Median household income in McMinnville is $43,348 compared to $29,507 in Smithville (+46.9%). While McMinnville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of McMinnville spend roughly 20.9% of their income on rent, less than the 27.5% in Smithville.