Cost of Living in St. Joseph, TN

With a cost of living index of 61, St. Joseph, TN is one of the most affordable cities in the country. Living here is 39% cheaper than the national average and 19% below the Tennessee state average of 80. St. Joseph is a small community of 788 residents.

Housing costs are the biggest factor in St. Joseph's cost of living. The median monthly rent is $627 (52% below the US median of $1,319), and the median home value sits at $121,900 (60% below the national median of $304,900). At current prices, the median home costs roughly 2.6x the median household income — well within traditional affordability guidelines.

The median household income in St. Joseph is $46,786, which is 38% lower than the national median of $75,149. Residents spend roughly 16% 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.