Cost of Living in Ripley, TN

Population 7,718 · Tennessee · Data vintage 2023

53
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Ripley's median household income of $39,047 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 (29% here). At 8.0%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Ripley is about 50 miles northeast of Memphis, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with Memphis' $157,000 median.

Cost Overview

Housing 50
Rent 57

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

About the Cost of Living in Ripley

The median home value in Ripley is $152,200 — 50% below the national median of $305,000. Median rent runs $745/month, 43% lower than the national median of $1,314/month. The median household income of $39,047/year is 48% lower than the US median of $74,580. The local unemployment rate is 8.0%, 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 70.4°F and lows of 49.8°F. Overall, Ripley has a cost of living index of 53 versus the US average of 100, meaning it is 47% less expensive.

🏠 Housing

Median Home Value
$152,200
50% below avg
Zillow Home Value
$134,399
Zillow ZHVI
Median Rent
$745/mo
43% below avg
Price-to-Rent Ratio
17.0x
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 43.8%
Renter-occupied 56.2%

💰 Estimated Monthly Budget

Rent median rent
$745
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,359/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
23.3 min
14% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
2.7%

Commute Mode

Drove alone
77.3%
Carpooled
16.8%
Public transit
1.1%
Bicycle
0.2%
Work from home
2.7%

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
$39,047
48% below avg
Per Capita Income
$22,927
Unemployment Rate
8.0%
66% above avg
Poverty Rate
28.7%
Labor Force Participation
50.1%

🎓 Education

Bachelor's degree+ 8.3%
Graduate degree 5.2%

👥 Demographics

Median Age 36.3
Male median age 32.9
Female median age 38.1

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
70.4°F
Avg Low
49.8°F
Annual Precip
53.2"
20° 40° 60° 80° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 475261718088909084736050
Low °F 293240496068716961493833
Precip" 3.804.565.875.085.384.474.293.272.644.164.545.19

🏫 Schools

NCES CCD 2019 — public school district data

95%
4-Year Graduation Rate
14.5:1
Student-teacher ratio
7
Public schools
3,896
Total enrollment

Frequently Asked Questions

What is the cost of living in Ripley, TN?

Ripley has a cost index of 53 (100 = national average). It is 47% below the national average.

What is average rent in Ripley, TN?

The median gross rent in Ripley is $745 per month based on 2023 Census data.

What is the average home price in Ripley?

The median home value in Ripley is $152,200 according to Zillow and Census data.

What is the median income in Ripley?

The median household income in Ripley is $39,047 per year (2023 ACS 5-year estimates).

What is the sales tax in Ripley, TN?

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

Is Ripley, TN affordable?

Yes, Ripley is generally considered affordable, with a cost of living index of 53 — about 47% below the US national average of 100.

What is the weather like in Ripley?

Ripley has average high temperatures of 70.4°F and average lows of 49.8°F. Annual precipitation is 53.2". Data from NOAA 1991–2020 Climate Normals.

Ripley at a Glance

Population
7,718
Median Income
$39,047
Home Value
$152,200
Median Rent
$745/mo
Unemployment
8.0%
Avg High Temp
70.4°F
Sales Tax
9.6%
View all cities in Tennessee →
🗺️ County data for Tennessee

Explore county-level cost of living data

Similar Cost Cities

Cities in other states with comparable housing costs