Cost of Living in Park City, TN
Population 3,268 · Tennessee · Data vintage 2023
(100 = US avg)
Park City offers a notably favorable income-to-housing ratio for its region. The typical home — $174,000 — costs less than 1.8 times median household income of $94,716, a threshold many coastal markets passed a decade ago.
Located 25 miles north of Huntsville, Park City falls within that metro's commuting orbit. Median home values run roughly 34% lower than Huntsville's $263,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Park City
The median home value in Park City is $174,100 — 43% below the national median of $305,000. Median rent runs $757/month, 42% lower than the national median of $1,314/month. The median household income of $94,716/year is 27% 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. Overall, Park City has a cost of living index of 57 versus the US average of 100, meaning it is 43% less expensive.
Park City 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
Frequently Asked Questions
What is the cost of living in Park City, TN?
Park City has a cost index of 57 (100 = national average). It is 43% below the national average.
What is average rent in Park City, TN?
The median gross rent in Park City is $757 per month based on 2023 Census data.
What is the average home price in Park City?
The median home value in Park City is $174,100 according to 2023 Census ACS data.
What is the median income in Park City?
The median household income in Park City is $94,716 per year (2023 ACS 5-year estimates).
What is the sales tax in Park City, TN?
The combined state and local sales tax rate in Park City is 9.6%. Tennessee has no state income tax.
Is Park City, TN affordable?
Yes, Park City is generally considered affordable, with a cost of living index of 57 — about 43% below the US national average of 100.
Park City at a Glance
- Population
- 3,268
- Median Income
- $94,716
- Home Value
- $174,100
- Median Rent
- $757/mo
- Unemployment
- 3.4%
- Sales Tax
- 9.6%
Nearby Cities
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Tennessee Rankings
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