Cost of Living in Winchester, TN

Population 9,600 · Tennessee · Data vintage 2023

68
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Winchester sits on the smaller end of the Tennessee city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.

Winchester is about 45 miles northeast of Huntsville, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 20% lower than Huntsville's $263,000.

Cost Overview

Housing 69
Rent 68

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

About the Cost of Living in Winchester

The median home value in Winchester is $209,300 — 31% below the national median of $305,000. Median rent runs $893/month, 32% lower than the national median of $1,314/month. The median household income of $59,497/year is 20% lower than the US median of $74,580. The local unemployment rate is 3.9%, below the national average of 4.8%. Tennessee charges no state income tax, a meaningful advantage for take-home pay. Overall, Winchester has a cost of living index of 68 versus the US average of 100, meaning it is 32% less expensive.

🏠 Housing

Median Home Value
$209,300
31% below avg
Zillow Home Value
$350,773
Zillow ZHVI
Median Rent
$893/mo
32% below avg
Zillow Rent
$1,225/mo
Zillow ZORI
Price-to-Rent Ratio
19.5x
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 70.5%
Renter-occupied 29.5%

💰 Estimated Monthly Budget

Rent median rent
$893
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,507/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
20.7 min
23% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
9.7%

Commute Mode

Drove alone
86.5%
Carpooled
3.6%
Work from home
9.7%

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
$59,497
20% below avg
Per Capita Income
$35,945
Unemployment Rate
3.9%
20% below avg
Poverty Rate
13.5%
Labor Force Participation
57.9%

🎓 Education

Bachelor's degree+ 15.5%
Graduate degree 9.8%

👥 Demographics

Median Age 44.7
Male median age 43.4
Female median age 46.8

🏫 Schools

NCES CCD 2019 — public school district data

94%
4-Year Graduation Rate
15.9:1
Student-teacher ratio
11
Public schools
5,311
Total enrollment

Frequently Asked Questions

What is the cost of living in Winchester, TN?

Winchester has a cost index of 68 (100 = national average). It is 32% below the national average.

What is average rent in Winchester, TN?

The median gross rent in Winchester is $893 per month based on 2023 Census data.

What is the average home price in Winchester?

The median home value in Winchester is $209,300 according to Zillow and Census data.

What is the median income in Winchester?

The median household income in Winchester is $59,497 per year (2023 ACS 5-year estimates).

What is the sales tax in Winchester, TN?

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

Is Winchester, TN affordable?

Yes, Winchester is generally considered affordable, with a cost of living index of 68 — about 32% below the US national average of 100.