Cost of Living in Sweetwater, TN

Population 6,462 · Tennessee · Data vintage 2023

52
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Sweetwater's median household income of $44,661 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 (18% here). Unemployment has stayed elevated relative to the national figure — 8.6% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Sweetwater is about 40 miles southwest of Knoxville, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 22% lower than Knoxville's $214,000.

Cost Overview

Housing 54
Rent 48

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

About the Cost of Living in Sweetwater

The median home value in Sweetwater is $166,000 — 46% below the national median of $305,000. Median rent runs $625/month, 52% lower than the national median of $1,314/month. The median household income of $44,661/year is 40% lower than the US median of $74,580. The local unemployment rate is 8.6%, 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 68.7°F and lows of 48.4°F, with about 4.4" of annual snowfall. Overall, Sweetwater has a cost of living index of 52 versus the US average of 100, meaning it is 48% less expensive.

🏠 Housing

Median Home Value
$166,000
46% below avg
Zillow Home Value
$251,882
Zillow ZHVI
Median Rent
$625/mo
52% below avg
Price-to-Rent Ratio
22.1x
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 54.9%
Renter-occupied 45.1%

💰 Estimated Monthly Budget

Rent median rent
$625
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,239/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
23.8 min
12% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
5.0%

Commute Mode

Drove alone
81.3%
Carpooled
12.6%
Bicycle
1.0%
Work from home
5.0%

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
$44,661
40% below avg
Per Capita Income
$25,261
Unemployment Rate
8.6%
78% above avg
Poverty Rate
18.2%
Labor Force Participation
52.8%

🎓 Education

Bachelor's degree+ 11.9%
Graduate degree 5.5%

👥 Demographics

Median Age 43.2
Male median age 41.9
Female median age 43.5

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
68.7°F
Avg Low
48.4°F
Annual Precip
59.7"
Annual Snowfall
4.4"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 475161707884878781715949
Low °F 293239475664686761483732
Precip" 5.505.935.555.584.504.765.903.724.133.295.005.84
Snow" 1.81.40.60.00.00.00.00.00.00.00.00.6

Frequently Asked Questions

What is the cost of living in Sweetwater, TN?

Sweetwater has a cost index of 52 (100 = national average). It is 48% below the national average.

What is average rent in Sweetwater, TN?

The median gross rent in Sweetwater is $625 per month based on 2023 Census data.

What is the average home price in Sweetwater?

The median home value in Sweetwater is $166,000 according to Zillow and Census data.

What is the median income in Sweetwater?

The median household income in Sweetwater is $44,661 per year (2023 ACS 5-year estimates).

What is the sales tax in Sweetwater, TN?

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

Is Sweetwater, TN affordable?

Yes, Sweetwater is generally considered affordable, with a cost of living index of 52 — about 48% below the US national average of 100.

What is the weather like in Sweetwater?

Sweetwater has average high temperatures of 68.7°F and average lows of 48.4°F. Annual precipitation is 59.7". Average annual snowfall is 4.4". Data from NOAA 1991–2020 Climate Normals.

Sweetwater at a Glance

Population
6,462
Median Income
$44,661
Home Value
$166,000
Median Rent
$625/mo
Unemployment
8.6%
Avg High Temp
68.7°F
Sales Tax
9.6%
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