Atoka, TN

Average · 92

Tennessee · Population 10,237 · Updated March 2026

$1,279
Median Rent / Month
$86,922
Median Income
$283,500
Median Home Value
$1,392
Owner Costs / Month

Affordability

How far your income goes in Atoka

17.7%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Tennessee

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
7.0%
Sales Tax
0.64%
Property Tax Rate

Estimated Annual Costs

$15,348
Annual Rent
$0
State Income Tax
$1,814
Property Tax (est.)

Cost of Living Overview

Atoka offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 92 (where 100 equals the national median), Atoka residents can expect to pay median rent of $1,279/month while earning a median household income of $86,922/year.

The median home value in Atoka, TN is $283,500, with typical monthly owner costs around $1,392 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.7% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Tennessee has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 7.0% sales tax rate and 0.64% effective property tax rate, the overall tax environment helps keep costs manageable in Atoka.

Frequently Asked Questions

Common questions about living costs in Atoka

What is the cost of living in Atoka, TN?
The cost of living index in Atoka, TN is 92 (US average = 100). Median monthly rent is $1,279, median household income is $86,922/year, and the median home value is $283,500.
Is Atoka, TN affordable?
Yes, Atoka is more affordable than the national average with a cost index of 92. The rent-to-income ratio is 17.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Atoka, TN?
The median gross rent in Atoka, TN is $1,279 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $15,348.
What is the median household income in Atoka?
The median household income in Atoka, TN is $86,922 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Tennessee?
Tennessee has a top income tax rate of 0%, a sales tax of 7.0%, and an effective property tax rate of 0.64%. Notably, there is no state income tax.