Cost of Living in Munford, TN
Population 6,459 · Tennessee · Data vintage 2023
(100 = US avg)
Munford 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. At 6.9%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Geographically, Munford is about 25 miles northeast of Memphis, the nearest large metro. Median home values run roughly 49% higher than Memphis' $157,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Munford
The median home value in Munford is $234,600 — 23% below the national median of $305,000. Median rent runs $1,086/month, 17% lower than the national median of $1,314/month. The median household income of $86,492/year is 16% higher than the US median of $74,580. The local unemployment rate is 6.9%, 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, Munford has a cost of living index of 79 versus the US average of 100, meaning it is 21% less expensive.
Munford 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
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 51 | 56 | 64 | 73 | 82 | 89 | 92 | 92 | 86 | 75 | 63 | 53 |
| Low °F | 33 | 37 | 44 | 53 | 62 | 70 | 74 | 73 | 66 | 54 | 43 | 36 |
| Precip" | 4.14 | 4.55 | 5.74 | 5.87 | 5.27 | 3.99 | 4.82 | 3.37 | 3.03 | 3.98 | 4.69 | 5.49 |
| Snow" | 0.9 | 1.0 | 0.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.2 |
Frequently Asked Questions
What is the cost of living in Munford, TN?
Munford has a cost index of 79 (100 = national average). It is 21% below the national average.
What is average rent in Munford, TN?
The median gross rent in Munford is $1,086 per month based on 2023 Census data.
What is the average home price in Munford?
The median home value in Munford is $234,600 according to Zillow and Census data.
What is the median income in Munford?
The median household income in Munford is $86,492 per year (2023 ACS 5-year estimates).
What is the sales tax in Munford, TN?
The combined state and local sales tax rate in Munford is 9.6%. Tennessee has no state income tax.
Is Munford, TN affordable?
Yes, Munford is generally considered affordable, with a cost of living index of 79 — about 21% below the US national average of 100.
What is the weather like in Munford?
Munford 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.
Munford at a Glance
- Population
- 6,459
- Median Income
- $86,492
- Home Value
- $234,600
- Median Rent
- $1,086/mo
- Unemployment
- 6.9%
- Avg High Temp
- 73.0°F
- Sales Tax
- 9.6%
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Tennessee Rankings
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