McMinnville, TN Cost Of Living
Cost Of Living In McMinnville, TN Summary
Cost of living in McMinnville research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means McMinnville is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Tennessee, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in McMinnville is 80, with 100 being the average.
The cost of living index in McMinnville is 0.8x lower than the national average.
McMinnville ranks as the #13 cheapest in Tennessee out of 105.
McMinnville ranks as the #211 cheapest out of 6,412 in the US.
The median home value in McMinnville is $111,100.
The median income in McMinnville is $37,562.
Table Of Contents
McMinnville's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in McMinnville, TN?
According to the most recent data on the cost of living, McMinnville has an overall cost of living index of 80, which is 0.8x lower than the national index of 100.
Compared to Tennessee, McMinnville has a cost of living index that's 0.9x lower than Tennessee's index of 90.
The standard of living in McMinnville ranks as #13 most affordable out of the 105 places we measured in Tennessee. By definition, that implies McMinnville ranks as the #92 most expensive place in the Volunteer State.
For more reading on life in McMinnville, check out:
- Living In McMinnville
- McMinnville Crime Report
- Search Homes For Sale In Mcminnville, TN
In Tennessee
In America
McMinnville Cost Of Living Vs. Tennessee
Six factors go into calculating the cost of living index in McMinnville. Here is how it fairs on each of the criteria:
The Services index in McMinnville is 94.
The Groceries index in McMinnville is 102.
The Health index in McMinnville is 93.
The Housing index in McMinnville is 54.
The Transportation index in McMinnville is 90.
The Utilities index in McMinnville is 91.
| Living Expense | McMinnville | Tennessee | National Average | |
|---|---|---|---|---|
| Overall | 80 | 90 | 100 | |
| Services | 94 | 93 | 100 | |
| Groceries | 102 | 96 | 100 | |
| Health | 93 | 88 | 100 | |
| Housing | 54 | 82 | 100 | |
| Transportation | 90 | 90 | 100 | |
| Utilities | 91 | 93 | 100 | |
McMinnville, TN Housing Cost Breakdown
Housing swings affordability the most between places in Tennessee, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in McMinnville is $111,100.
The Median Rent in McMinnville is $663.
The Median Income in McMinnville is $37,562.
The Home Value To Income in McMinnville is 3.0x.
The Rent To Monthly Income in McMinnville is 0.21x.
| Statistic | McMinnville | Tennessee | United States |
|---|---|---|---|
| Median Home Value | $111,100 | $193,700 | $244,900 |
| Median Rent | $663 | $951 | $1,163 |
| Median Income | $37,562 | $58,516 | $69,021 |
| Home Value To Income | 3.0x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
McMinnville, TN Costs By Category
Detailed McMinnville Services Costs Vs. Tennessee
| Item | McMinnville | Tennessee |
|---|---|---|
| Shampoo | $0.9 | $1.06 |
| Movie | $12.32 | $10.68 |
| Bowling | $15.0 | $14.67 |
| Haircut | $14.67 | $18.62 |
| Beauty Salon | $43.33 | $39.05 |
Detailed McMinnville Groceries Costs Vs. Tennessee
| Item | McMinnville | Tennessee |
|---|---|---|
| Ground Beef | $4.62 | $4.22 |
| Fried Chicken | $1.22 | $1.39 |
| Milk | $2.15 | $2.05 |
| Potatoes | $4.94 | $3.29 |
| Pizza | $9.99 | $10.62 |
| Beer | $9.97 | $9.38 |
| Toothpaste | $1.91 | $2.34 |
Detailed McMinnville Health Costs Vs. Tennessee
| Item | McMinnville | Tennessee |
|---|---|---|
| Optometrist | $93.33 | $108.57 |
| Doctor | $118.67 | $116.17 |
| Dentist | $89.33 | $99.13 |
Detailed McMinnville Transportation Costs Vs. Tennessee
| Item | McMinnville | Tennessee |
|---|---|---|
| Gasoline | $1.94 | $2.22 |
| Tire Balancing | $46.47 | $50.07 |
Detailed McMinnville Utilities Costs Vs. Tennessee
| Item | McMinnville | Tennessee |
|---|---|---|
| All Electricity | $141.03 | $167.67 |
| Phone | $184.96 | $175.64 |
Mcminnville SnackAbility
/10
Cost Of Living In Cities Around McMinnville
The cost of living varies in the cities and towns around McMinnville. Here's a quick look at the cost of living in the most populous nearby places:
Murfreesboro, TN has a cost of living index of 99, 1.2x McMinnville.
Smyrna, TN has a cost of living index of 94, 1.2x McMinnville.
La Vergne, TN has a cost of living index of 94, 1.2x McMinnville.
| City | Population | Cost Of Living | Vs. McMinnville |
|---|---|---|---|
| Murfreesboro, TN | 148,970 | 99 | 1.2x |
| Smyrna, TN | 52,401 | 94 | 1.2x |
| La Vergne, TN | 38,127 | 94 | 1.2x |
| Lebanon, TN | 37,471 | 98 | 1.2x |
| Tullahoma, TN | 20,599 | 89 | 1.1x |
| Soddy-Daisy, TN | 13,090 | 85 | 1.1x |
| Manchester, TN | 11,956 | 85 | 1.1x |
| Red Bank, TN | 11,855 | 88 | 1.1x |
| Middle Valley, TN | 11,569 | 93 | 1.2x |
| Signal Mountain, TN | 8,770 | 115 | 1.4x |
