Cost of Living in Algood, TN
Population 4,002 · Tennessee · Data vintage 2023
(100 = US avg)
Algood's median household income of $40,514 is a meaningful share below the national figure, which shapes most of the downstream economic indicators — from housing affordability to the share of residents living below the poverty line (25% here). The labor market has been unusually tight, with unemployment around 0.6% — below most comparable cities in the state.
Located 60 miles east of Murfreesboro, Algood is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 51% lower than Murfreesboro's $365,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Algood
The median home value in Algood is $179,400 — 41% below the national median of $305,000. Median rent runs $822/month, 37% lower than the national median of $1,314/month. The median household income of $40,514/year is 46% lower than the US median of $74,580. The local unemployment rate is 0.6%, below the national average of 4.8%. Tennessee charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 64.6°F and lows of 44.3°F. Overall, Algood has a cost of living index of 60 versus the US average of 100, meaning it is 40% less expensive.
Algood has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 44 | 48 | 56 | 65 | 73 | 79 | 82 | 82 | 77 | 67 | 56 | 47 |
| Low °F | 26 | 29 | 36 | 43 | 52 | 60 | 63 | 62 | 55 | 43 | 35 | 29 |
| Precip" | 5.10 | 5.76 | 5.76 | 5.56 | 4.84 | 5.09 | 4.91 | 3.89 | 4.25 | 3.38 | 4.62 | 5.87 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Algood, TN?
Algood has a cost index of 60 (100 = national average). It is 40% below the national average.
What is average rent in Algood, TN?
The median gross rent in Algood is $822 per month based on 2023 Census data.
What is the average home price in Algood?
The median home value in Algood is $179,400 according to Zillow and Census data.
What is the median income in Algood?
The median household income in Algood is $40,514 per year (2023 ACS 5-year estimates).
What is the sales tax in Algood, TN?
The combined state and local sales tax rate in Algood is 9.6%. Tennessee has no state income tax.
Is Algood, TN affordable?
Yes, Algood is generally considered affordable, with a cost of living index of 60 — about 40% below the US national average of 100.
What is the weather like in Algood?
Algood has average high temperatures of 64.6°F and average lows of 44.3°F. Annual precipitation is 59". Data from NOAA 1991–2020 Climate Normals.
Algood at a Glance
- Population
- 4,002
- Median Income
- $40,514
- Home Value
- $179,400
- Median Rent
- $822/mo
- Unemployment
- 0.6%
- Avg High Temp
- 64.6°F
- Sales Tax
- 9.6%
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Explore county-level cost of living data
Tennessee Rankings
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