Cost of Living in Cumberland Gap, TN

With a cost of living index of 85, Cumberland Gap, TN is a very affordable place to live. Living here is 15% cheaper than the national average and 5% above the Tennessee state average of 80. Cumberland Gap is a small community of 330 residents.

Housing costs are the biggest factor in Cumberland Gap's cost of living. The median monthly rent is $1,158 (12% below the US median of $1,319), and the median home value sits at $215,000 (29% below the national median of $304,900). At current prices, the median home costs roughly 4.6x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Cumberland Gap is $46,250, which is 38% lower than the national median of $75,149. Residents spend roughly 30% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.