Cost of Living in Harrogate, TN

With a cost of living index of 86, Harrogate, TN is a very affordable place to live. Living here is 14% cheaper than the national average and 5% above the Tennessee state average of 80. Harrogate is a small community of 4,355 residents.

Housing costs are the biggest factor in Harrogate's cost of living. The median monthly rent is $1,277 (3% below the US median of $1,319), and the median home value sits at $178,600 (41% below the national median of $304,900). At current prices, the median home costs roughly 2.8x the median household income — well within traditional affordability guidelines.

The median household income in Harrogate is $63,257, which is 16% lower than the national median of $75,149. Residents spend roughly 24% 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.