Cost of Living in Savannah, TN
Population 7,219 · Tennessee · Data vintage 2023
(100 = US avg)
Savannah's median household income of $41,396 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 (26% here). An unemployment rate of 2.7% points to a labor market well on the tight side of the national distribution.
Savannah lies roughly 95 miles west of the nearest major metro, Huntsville — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 38% lower than Huntsville's $263,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Savannah
The median home value in Savannah is $163,100 — 47% 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 $41,396/year is 44% lower than the US median of $74,580. The local unemployment rate is 2.7%, below the national average of 4.8%. Tennessee charges no state income tax, a meaningful advantage for take-home pay. Overall, Savannah has a cost of living index of 55 versus the US average of 100, meaning it is 45% less expensive.
Savannah 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
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Savannah, TN?
Savannah has a cost index of 55 (100 = national average). It is 45% below the national average.
What is average rent in Savannah, TN?
The median gross rent in Savannah is $757 per month based on 2023 Census data.
What is the average home price in Savannah?
The median home value in Savannah is $163,100 according to Zillow and Census data.
What is the median income in Savannah?
The median household income in Savannah is $41,396 per year (2023 ACS 5-year estimates).
What is the sales tax in Savannah, TN?
The combined state and local sales tax rate in Savannah is 9.6%. Tennessee has no state income tax.
Is Savannah, TN affordable?
Yes, Savannah is generally considered affordable, with a cost of living index of 55 — about 45% below the US national average of 100.
Savannah at a Glance
- Population
- 7,219
- Median Income
- $41,396
- Home Value
- $163,100
- Median Rent
- $757/mo
- Unemployment
- 2.7%
- Sales Tax
- 9.6%
Nearby Cities
Explore county-level cost of living data
Tennessee Rankings
Similar Cost Cities
Cities in other states with comparable housing costs