Cost of Living in Decatur, TN

With a cost of living index of 75, Decatur, TN is a very affordable place to live. Living here is 25% cheaper than the national average and 5% below the Tennessee state average of 80. Decatur is a small community of 1,860 residents.

Housing costs are the biggest factor in Decatur's cost of living. The median monthly rent is $821 (38% below the US median of $1,319), and the median home value sits at $218,800 (28% below the national median of $304,900). At current prices, the median home costs roughly 4.5x the median household income — a moderately affordable ratio by today's standards.

The median household income in Decatur is $48,203, which is 36% lower than the national median of $75,149. Residents spend roughly 20% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. 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.