Cost of Living in Tiptonville, TN

With a cost of living index of 55, Tiptonville, TN is one of the most affordable cities in the country. Living here is 45% cheaper than the national average and 26% below the Tennessee state average of 80. Tiptonville is a small community of 3,687 residents.

Housing costs are the biggest factor in Tiptonville's cost of living. The median monthly rent is $453 (66% below the US median of $1,319), and the median home value sits at $109,400 (64% below the national median of $304,900). At current prices, the median home costs roughly 4.8x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Tiptonville is $22,979, which is 69% 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.