Cost of Living in Mason, TN

With a cost of living index of 79, Mason, TN is a very affordable place to live. Living here is 21% cheaper than the national average and in line with the Tennessee state average. Mason is a small community of 1,126 residents.

Housing costs are the biggest factor in Mason's cost of living. The median monthly rent is $1,202 (9% below the US median of $1,319), and the median home value sits at $129,900 (57% 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 Mason is $47,143, which is 37% lower than the national median of $75,149. Residents spend roughly 31% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Everyday prices in the Memphis, TN-MS-AR (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.