Cost of Living in Jasper, TN
Population 3,610 · Tennessee · Data vintage 2023
(100 = US avg)
Buyers in Jasper can reasonably expect a home to cost less than three years of household income — $174,000 against $73,875 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country. An unemployment rate of 3.0% points to a labor market well on the tight side of the national distribution.
Jasper sits roughly 20 miles west of Chattanooga — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 33% lower than Chattanooga's $259,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Jasper
The median home value in Jasper is $173,900 — 43% below the national median of $305,000. Median rent runs $768/month, 42% lower than the national median of $1,314/month. The median household income of $73,875/year is 1% lower than the US median of $74,580. The local unemployment rate is 3.0%, below the national average of 4.8%. Tennessee charges no state income tax, a meaningful advantage for take-home pay. Overall, Jasper has a cost of living index of 58 versus the US average of 100, meaning it is 42% less expensive.
Jasper 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
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Jasper, TN?
Jasper has a cost index of 58 (100 = national average). It is 42% below the national average.
What is average rent in Jasper, TN?
The median gross rent in Jasper is $768 per month based on 2023 Census data.
What is the average home price in Jasper?
The median home value in Jasper is $173,900 according to Zillow and Census data.
What is the median income in Jasper?
The median household income in Jasper is $73,875 per year (2023 ACS 5-year estimates).
What is the sales tax in Jasper, TN?
The combined state and local sales tax rate in Jasper is 9.6%. Tennessee has no state income tax.
Is Jasper, TN affordable?
Yes, Jasper is generally considered affordable, with a cost of living index of 58 — about 42% below the US national average of 100.
Jasper at a Glance
- Population
- 3,610
- Median Income
- $73,875
- Home Value
- $173,900
- Median Rent
- $768/mo
- Unemployment
- 3.0%
- Sales Tax
- 9.6%
Nearby Cities
Explore county-level cost of living data
Tennessee Rankings
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