Cost of Living in Millington, TN

Population 11,117 · Tennessee · Data vintage 2023

66
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Millington is a smaller Tennessee community of around 11000 residents, where median household incomes of $51,695 and housing costs ($173,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. At 8.3%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Millington sits roughly 15 miles north of Memphis — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 10% higher than Memphis' $157,000.

Cost Overview

Housing 57
Rent 81

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

About the Cost of Living in Millington

The median home value in Millington is $172,800 — 43% below the national median of $305,000. Median rent runs $1,059/month, 19% lower than the national median of $1,314/month. The median household income of $51,695/year is 31% lower than the US median of $74,580. The local unemployment rate is 8.3%, 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 73.0°F and lows of 53.8°F, with about 2.7" of annual snowfall. Overall, Millington has a cost of living index of 66 versus the US average of 100, meaning it is 34% less expensive.

🏠 Housing

Median Home Value
$172,800
43% below avg
Zillow Home Value
$234,281
Zillow ZHVI
Median Rent
$1,059/mo
19% below avg
Zillow Rent
$1,583/mo
Zillow ZORI
Price-to-Rent Ratio
13.6x
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 60.4%
Renter-occupied 39.6%

💰 Estimated Monthly Budget

Rent median rent
$1,059
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,673/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
8.1%

Commute Mode

Drove alone
82.6%
Carpooled
6.7%
Walked
2.2%
Bicycle
0.4%
Work from home
8.1%

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
$51,695
31% below avg
Per Capita Income
$30,520
Unemployment Rate
8.3%
73% above avg
Poverty Rate
14.9%
Labor Force Participation
59.2%

🎓 Education

Bachelor's degree+ 10.4%
Graduate degree 9.6%

👥 Demographics

Median Age 38.6
Male median age 32.7
Female median age 42.6

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
73.0°F
Avg Low
53.8°F
Annual Precip
54.9"
Annual Snowfall
2.7"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 515664738289929286756353
Low °F 333744536270747366544336
Precip" 4.144.555.745.875.273.994.823.373.033.984.695.49
Snow" 0.91.00.50.00.00.00.00.00.00.00.10.2

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 52 — Moderate
42.5%
Good air days/yr
140
Max AQI recorded
200
PM2.5 days
164
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

87%
4-Year Graduation Rate
16.1:1
Student-teacher ratio
4
Public schools
2,633
Total enrollment

Frequently Asked Questions

What is the cost of living in Millington, TN?

Millington has a cost index of 66 (100 = national average). It is 34% below the national average.

What is average rent in Millington, TN?

The median gross rent in Millington is $1,059 per month based on 2023 Census data.

What is the average home price in Millington?

The median home value in Millington is $172,800 according to Zillow and Census data.

What is the median income in Millington?

The median household income in Millington is $51,695 per year (2023 ACS 5-year estimates).

What is the sales tax in Millington, TN?

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

Is Millington, TN affordable?

Yes, Millington is generally considered affordable, with a cost of living index of 66 — about 34% below the US national average of 100.

What is the weather like in Millington?

Millington has average high temperatures of 73.0°F and average lows of 53.8°F. Annual precipitation is 54.9". Average annual snowfall is 2.7". Data from NOAA 1991–2020 Climate Normals.

Millington at a Glance

Population
11,117
Median Income
$51,695
Home Value
$172,800
Median Rent
$1,059/mo
Unemployment
8.3%
Avg High Temp
73.0°F
Sales Tax
9.6%
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