Cost of Living in Martin, TN
Population 10,864 · Tennessee · Data vintage 2023
(100 = US avg)
Martin's median household income of $41,510 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 (28% here).
Martin lies roughly 85 miles west of the nearest major metro, Clarksville — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 25% lower than Clarksville's $236,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Martin
The median home value in Martin is $177,700 — 42% below the national median of $305,000. Median rent runs $808/month, 39% lower than the national median of $1,314/month. The median household income of $41,510/year is 44% lower than the US median of $74,580. The local unemployment rate is 5.6%, 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 70.4°F and lows of 49.8°F. Overall, Martin has a cost of living index of 60 versus the US average of 100, meaning it is 40% less expensive.
🏠 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 | 47 | 52 | 61 | 71 | 80 | 88 | 90 | 90 | 84 | 73 | 60 | 50 |
| Low °F | 29 | 32 | 40 | 49 | 60 | 68 | 71 | 69 | 61 | 49 | 38 | 33 |
| Precip" | 3.80 | 4.56 | 5.87 | 5.08 | 5.38 | 4.47 | 4.29 | 3.27 | 2.64 | 4.16 | 4.54 | 5.19 |
Frequently Asked Questions
What is the cost of living in Martin, TN?
Martin has a cost index of 60 (100 = national average). It is 40% below the national average.
What is average rent in Martin, TN?
The median gross rent in Martin is $808 per month based on 2023 Census data.
What is the average home price in Martin?
The median home value in Martin is $177,700 according to Zillow and Census data.
What is the median income in Martin?
The median household income in Martin is $41,510 per year (2023 ACS 5-year estimates).
What is the sales tax in Martin, TN?
The combined state and local sales tax rate in Martin is 9.6%. Tennessee has no state income tax.
Is Martin, TN affordable?
Yes, Martin 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 Martin?
Martin has average high temperatures of 70.4°F and average lows of 49.8°F. Annual precipitation is 53.2". Data from NOAA 1991–2020 Climate Normals.
Martin at a Glance
- Population
- 10,864
- Median Income
- $41,510
- Home Value
- $177,700
- Median Rent
- $808/mo
- Unemployment
- 5.6%
- Avg High Temp
- 70.4°F
- Sales Tax
- 9.6%
Explore county-level cost of living data
Tennessee Rankings
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