Cost of Living in Humboldt, TN

Population 7,799 · Tennessee · Data vintage 2023

45
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

At $42,873, median household incomes in Humboldt land roughly 43% below the US median, a gap that tends to persist across local labor-market indicators. Unemployment has stayed elevated relative to the national figure — 7.6% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Located 80 miles northeast of Memphis, Humboldt is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 29% lower than Memphis' $157,000.

Cost Overview

Housing 36
Rent 58

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

About the Cost of Living in Humboldt

The median home value in Humboldt is $111,300 — 64% below the national median of $305,000. Median rent runs $757/month, 42% lower than the national median of $1,314/month. The median household income of $42,873/year is 43% lower than the US median of $74,580. The local unemployment rate is 7.6%, above the national average of 4.8%. Tennessee charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 71.0°F and lows of 48.9°F. Overall, Humboldt has a cost of living index of 45 versus the US average of 100, meaning it is 55% less expensive.

🏠 Housing

Median Home Value
$111,300
64% below avg
Zillow Home Value
$152,469
Zillow ZHVI
Median Rent
$757/mo
42% below avg
Price-to-Rent Ratio
12.3x
Favors buying
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 46.9%
Renter-occupied 53.1%

💰 Estimated Monthly Budget

Rent median rent
$757
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,371/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 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
19.5 min
28% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
5.0%

Commute Mode

Drove alone
80.1%
Carpooled
11.1%
Work from home
5.0%

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
$42,873
43% below avg
Per Capita Income
$27,008
Unemployment Rate
7.6%
59% above avg
Poverty Rate
17.2%
Labor Force Participation
55.0%

🎓 Education

Bachelor's degree+ 6.7%
Graduate degree 7.2%

👥 Demographics

Median Age 43
Male median age 43.4
Female median age 42.2

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
71.0°F
Avg Low
48.9°F
Annual Precip
53.9"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 495362728087909084736151
Low °F 293340485866696760483832
Precip" 4.074.405.555.125.584.764.373.533.583.634.335.01

🏫 Schools

NCES CCD 2019 — public school district data

82%
4-Year Graduation Rate
15.5:1
Student-teacher ratio
3
Public schools
1,192
Total enrollment

Frequently Asked Questions

What is the cost of living in Humboldt, TN?

Humboldt has a cost index of 45 (100 = national average). It is 55% below the national average.

What is average rent in Humboldt, TN?

The median gross rent in Humboldt is $757 per month based on 2023 Census data.

What is the average home price in Humboldt?

The median home value in Humboldt is $111,300 according to Zillow and Census data.

What is the median income in Humboldt?

The median household income in Humboldt is $42,873 per year (2023 ACS 5-year estimates).

What is the sales tax in Humboldt, TN?

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

Is Humboldt, TN affordable?

Yes, Humboldt is generally considered affordable, with a cost of living index of 45 — about 55% below the US national average of 100.

What is the weather like in Humboldt?

Humboldt has average high temperatures of 71.0°F and average lows of 48.9°F. Annual precipitation is 53.9". Data from NOAA 1991–2020 Climate Normals.

Humboldt at a Glance

Population
7,799
Median Income
$42,873
Home Value
$111,300
Median Rent
$757/mo
Unemployment
7.6%
Avg High Temp
71.0°F
Sales Tax
9.6%
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