Cost of Living in Minor Hill, TN

With a cost of living index of 74, Minor Hill, TN is one of the most affordable cities in the country. Living here is 26% cheaper than the national average and 7% below the Tennessee state average of 80. Minor Hill is a small community of 598 residents.

Housing costs are the biggest factor in Minor Hill's cost of living. The median monthly rent is $990 (25% below the US median of $1,319), and the median home value sits at $140,200 (54% below the national median of $304,900). At current prices, the median home costs roughly 3.3x the median household income — a moderately affordable ratio by today's standards.

The median household income in Minor Hill is $43,077, which is 43% lower than the national median of $75,149. Residents spend roughly 28% 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.