Cost of Living in McKenzie, TN

Population 5,706 · Tennessee · Data vintage 2023

48
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

McKenzie's median household income of $35,988 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 (23% here).

McKenzie is about 70 miles west of Clarksville, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 41% lower than Clarksville's $236,000.

Cost Overview

Housing 46
Rent 51

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

About the Cost of Living in McKenzie

The median home value in McKenzie is $140,200 — 54% below the national median of $305,000. Median rent runs $669/month, 49% lower than the national median of $1,314/month. The median household income of $35,988/year is 52% lower than the US median of $74,580. The local unemployment rate is 3.3%, 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 71.0°F and lows of 48.9°F. Overall, McKenzie has a cost of living index of 48 versus the US average of 100, meaning it is 52% less expensive.

🏠 Housing

Median Home Value
$140,200
54% below avg
Zillow Home Value
$183,128
Zillow ZHVI
Median Rent
$669/mo
49% below avg
Price-to-Rent Ratio
17.5x
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 55.7%
Renter-occupied 44.3%

💰 Estimated Monthly Budget

Rent median rent
$669
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,283/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
23.1 min
14% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
7.9%

Commute Mode

Drove alone
70.5%
Carpooled
5.4%
Walked
10.7%
Work from home
7.9%

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
$35,988
52% below avg
Per Capita Income
$21,956
Unemployment Rate
3.3%
31% below avg
Poverty Rate
23.2%
Labor Force Participation
50.9%

🎓 Education

Bachelor's degree+ 11.2%
Graduate degree 13.9%

👥 Demographics

Median Age 33.4
Male median age 30
Female median age 37.8

🌤 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

97%
4-Year Graduation Rate
14.8:1
Student-teacher ratio
3
Public schools
1,255
Total enrollment

Frequently Asked Questions

What is the cost of living in McKenzie, TN?

McKenzie has a cost index of 48 (100 = national average). It is 52% below the national average.

What is average rent in McKenzie, TN?

The median gross rent in McKenzie is $669 per month based on 2023 Census data.

What is the average home price in McKenzie?

The median home value in McKenzie is $140,200 according to Zillow and Census data.

What is the median income in McKenzie?

The median household income in McKenzie is $35,988 per year (2023 ACS 5-year estimates).

What is the sales tax in McKenzie, TN?

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

Is McKenzie, TN affordable?

Yes, McKenzie is generally considered affordable, with a cost of living index of 48 — about 52% below the US national average of 100.

What is the weather like in McKenzie?

McKenzie 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.

McKenzie at a Glance

Population
5,706
Median Income
$35,988
Home Value
$140,200
Median Rent
$669/mo
Unemployment
3.3%
Avg High Temp
71.0°F
Sales Tax
9.6%
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Explore county-level cost of living data

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