Cost of Living in Somerville, TN

Population 3,439 · Tennessee · Data vintage 2023

79
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Household incomes in Somerville run well below national norms — a median of $31,063 versus the $74,580 US figure. Housing costs and rents do not fully compensate for the earnings difference. A poverty rate near 32% adds context to the income figures — well above the US average, and worth factoring into any comparison with cities on the coasts or in the Rockies.

Geographically, Somerville is about 35 miles east of Memphis, the nearest large metro. Median home values run roughly 92% higher than Memphis' $157,000.

Cost Overview

Housing 99
Rent 49

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

About the Cost of Living in Somerville

The median home value in Somerville is $301,400 — 1% below the national median of $305,000. Median rent runs $645/month, 51% lower than the national median of $1,314/month. The median household income of $31,063/year is 58% lower than the US median of $74,580. The local unemployment rate is 1.8%, below the national average of 4.8%. Tennessee charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 71.3°F and lows of 47.9°F. Overall, Somerville has a cost of living index of 79 versus the US average of 100, meaning it is 21% less expensive.

🏠 Housing

Median Home Value
$301,400
1% below avg
Zillow Home Value
$290,006
Zillow ZHVI
Median Rent
$645/mo
51% below avg
Price-to-Rent Ratio
38.9x
Favors renting
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 44.8%
Renter-occupied 55.2%

💰 Estimated Monthly Budget

Rent median rent
$645
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,259/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
25.7 min
5% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
6.6%

Commute Mode

Drove alone
81.9%
Carpooled
10.1%
Walked
0.9%
Work from home
6.6%

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
$31,063
58% below avg
Per Capita Income
$21,135
Unemployment Rate
1.8%
62% below avg
Poverty Rate
32.1%
Labor Force Participation
47.1%

🎓 Education

Bachelor's degree+ 11.7%
Graduate degree 1.3%

👥 Demographics

Median Age 35.7
Male median age 37
Female median age 35.6

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
71.3°F
Avg Low
47.9°F
Annual Precip
55.5"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 505564738086898983736253
Low °F 293239475664676659473732
Precip" 4.175.185.185.855.454.594.302.673.604.474.385.64

🏫 Schools

NCES CCD 2019 — public school district data

90%
4-Year Graduation Rate
16.7:1
Student-teacher ratio
7
Public schools
3,498
Total enrollment

Frequently Asked Questions

What is the cost of living in Somerville, TN?

Somerville has a cost index of 79 (100 = national average). It is 21% below the national average.

What is average rent in Somerville, TN?

The median gross rent in Somerville is $645 per month based on 2023 Census data.

What is the average home price in Somerville?

The median home value in Somerville is $301,400 according to Zillow and Census data.

What is the median income in Somerville?

The median household income in Somerville is $31,063 per year (2023 ACS 5-year estimates).

What is the sales tax in Somerville, TN?

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

Is Somerville, TN affordable?

Yes, Somerville 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 Somerville?

Somerville has average high temperatures of 71.3°F and average lows of 47.9°F. Annual precipitation is 55.5". Data from NOAA 1991–2020 Climate Normals.

Somerville at a Glance

Population
3,439
Median Income
$31,063
Home Value
$301,400
Median Rent
$645/mo
Unemployment
1.8%
Avg High Temp
71.3°F
Sales Tax
9.6%
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🗺️ County data for Tennessee

Explore county-level cost of living data

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