Cleveland, TN

Very Low · 72

Tennessee · Population 48,185 · Updated March 2026

$966
Median Rent / Month
$55,904
Median Income
$241,800
Median Home Value
$1,012
Owner Costs / Month

Affordability

How far your income goes in Cleveland

20.7%
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

$11,592
Annual Rent
$0
State Income Tax
$1,548
Property Tax (est.)

Cost of Living Overview

Cleveland is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 72 (where 100 equals the national median), Cleveland residents can expect to pay median rent of $966/month while earning a median household income of $55,904/year.

The median home value in Cleveland, TN is $241,800, with typical monthly owner costs around $1,012 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.7% 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 Cleveland.

Frequently Asked Questions

Common questions about living costs in Cleveland

What is the cost of living in Cleveland, TN?
The cost of living index in Cleveland, TN is 72 (US average = 100). Median monthly rent is $966, median household income is $55,904/year, and the median home value is $241,800.
Is Cleveland, TN affordable?
Yes, Cleveland is more affordable than the national average with a cost index of 72. The rent-to-income ratio is 20.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Cleveland, TN?
The median gross rent in Cleveland, TN is $966 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,592.
What is the median household income in Cleveland?
The median household income in Cleveland, TN is $55,904 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.