Cost of Living in Forest Hills, TN

Population 4,802 · Tennessee · Data vintage 2023

374
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing in Forest Hills sits 274% above the national median — $1.1 million for the typical home — but median household incomes near $250,001 (235% above the US figure) soften the blow that similar pricing creates in lower-wage metros. The labor market has been unusually tight, with unemployment around 1.0% — below most comparable cities in the state.

Forest Hills sits roughly 8 miles southwest of Nashville-Davidson — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 198% higher than Nashville-Davidson's $383,000.

Cost Overview

Housing 374

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Forest Hills

The median home value in Forest Hills is $1,142,200 — 274% above the national median of $305,000. The median household income of $250,001/year is 235% higher than the US median of $74,580. The local unemployment rate is 1.0%, 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 71.6°F and lows of 50.1°F, with about 4.7" of annual snowfall. Overall, Forest Hills has a cost of living index of 374 versus the US average of 100, meaning it is 274% more expensive.

🏠 Housing

Median Home Value
$1,142,200
274% above avg
Property Tax Rate
0.7%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$731
1 BR
$809
2 BR
$948
3 BR
$1,265
4 BR
$1,510
Owner-occupied 98.5%
Renter-occupied 1.5%

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
19.8 min
27% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
24.4%

Commute Mode

Drove alone
72.2%
Carpooled
2.2%
Walked
0.4%
Work from home
24.4%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 9.6%
State rate 7.0%
Avg local rate 2.5%
Property Tax 0.7%

💼 Income & Employment

Median Household Income
$250,001
235% above avg
Per Capita Income
$151,654
Unemployment Rate
1.0%
80% below avg
Poverty Rate
6.0%
Labor Force Participation
54.1%

🎓 Education

Bachelor's degree+ 43.2%
Graduate degree 34.4%

👥 Demographics

Median Age 49.4
Male median age 49.4
Female median age 49.1

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
71.6°F
Avg Low
50.1°F
Annual Precip
50.5"
Annual Snowfall
4.7"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 495463738088919084746152
Low °F 303340495866716962503933
Precip" 4.024.474.524.725.024.364.163.793.803.363.864.43
Snow" 2.01.50.70.00.00.00.00.00.00.00.10.4

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 53 — Moderate
37.3%
Good air days/yr
133
Max AQI recorded
285
PM2.5 days
77
Ozone days

Frequently Asked Questions

What is the cost of living in Forest Hills, TN?

Forest Hills has a cost index of 374 (100 = national average). It is 274% above the national average.

What is the average home price in Forest Hills?

The median home value in Forest Hills is $1,142,200 according to 2023 Census ACS data.

What is the median income in Forest Hills?

The median household income in Forest Hills is $250,001 per year (2023 ACS 5-year estimates).

What is the sales tax in Forest Hills, TN?

The combined state and local sales tax rate in Forest Hills is 9.6%. Tennessee has no state income tax.

Is Forest Hills, TN affordable?

Forest Hills is above average in cost of living, with an index of 374 — about 274% higher than the national average.

What is the weather like in Forest Hills?

Forest Hills has average high temperatures of 71.6°F and average lows of 50.1°F. Annual precipitation is 50.5". Average annual snowfall is 4.7". Data from NOAA 1991–2020 Climate Normals.

Forest Hills at a Glance

Population
4,802
Median Income
$250,001
Home Value
$1,142,200
Unemployment
1.0%
Avg High Temp
71.6°F
Sales Tax
9.6%
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