Cost of Living in Medina, TN

Population 5,268 · Tennessee · Data vintage 2023

85
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Medina sits on the smaller end of the Tennessee city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.

Located 80 miles northeast of Memphis, Medina is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 66% higher than Memphis' $157,000.

Cost Overview

Housing 86
Rent 83

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

About the Cost of Living in Medina

The median home value in Medina is $261,400 — 14% below the national median of $305,000. Median rent runs $1,089/month, 17% lower than the national median of $1,314/month. The median household income of $93,964/year is 26% higher than the US median of $74,580. The local unemployment rate is 3.4%, 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, Medina has a cost of living index of 85 versus the US average of 100, meaning it is 15% less expensive.

🏠 Housing

Median Home Value
$261,400
14% below avg
Zillow Home Value
$313,355
Zillow ZHVI
Median Rent
$1,089/mo
17% below avg
Price-to-Rent Ratio
20.0x
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 79.8%
Renter-occupied 20.3%

💰 Estimated Monthly Budget

Rent median rent
$1,089
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,703/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
25.6 min
5% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
13.4%

Commute Mode

Drove alone
78.9%
Carpooled
7.6%
Work from home
13.4%

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
$93,964
26% above avg
Per Capita Income
$39,493
Unemployment Rate
3.4%
29% below avg
Poverty Rate
4.9%
Labor Force Participation
75.9%

🎓 Education

Bachelor's degree+ 24.9%
Graduate degree 12.2%

👥 Demographics

Median Age 36.7
Male median age 35.9
Female median age 36.7

🌤 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

Frequently Asked Questions

What is the cost of living in Medina, TN?

Medina has a cost index of 85 (100 = national average). It is 15% below the national average.

What is average rent in Medina, TN?

The median gross rent in Medina is $1,089 per month based on 2023 Census data.

What is the average home price in Medina?

The median home value in Medina is $261,400 according to Zillow and Census data.

What is the median income in Medina?

The median household income in Medina is $93,964 per year (2023 ACS 5-year estimates).

What is the sales tax in Medina, TN?

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

Is Medina, TN affordable?

Yes, Medina is generally considered affordable, with a cost of living index of 85 — about 15% below the US national average of 100.

What is the weather like in Medina?

Medina 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.

Medina at a Glance

Population
5,268
Median Income
$93,964
Home Value
$261,400
Median Rent
$1,089/mo
Unemployment
3.4%
Avg High Temp
71.0°F
Sales Tax
9.6%
View all cities in Tennessee →
🗺️ County data for Tennessee

Explore county-level cost of living data

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